During a Tuesday visit to the island, Managing
Director of National Petrochemical Company (NPC) Reza Norouzzadeh learned about
the latest developments concerning construction of the projects.
He also met with the CEO of Qeshm Free Trade Zone
and discussed issued like providing utilities for the projects and the required
infrastructure for building the facilities.
The projects include the GTPP Petromofid projects
which will produce 1,650,000 tons of methanol, 465,000 tons of propylene,
450,000 tons of polypropylene, 20,000 tons of ethylene, 178,000 tons of gasoline
pyrolysis, and 36,000 tons of Liquefied Petroleum Gas (LPG) annually and will
be developed with an estimated initial investment of about $727 million and Rls
The other one is the GTX project of Kaveh Methane
Qeshm which will produce items such as polypropylene with a capacity of 300,000
tons, 107,000 tons of petrol pyrolysis, 22,000 metric tons of methane, one
million tons of methanol, 300,000 tons of propylene, and 100,000 tons of formalin
annually. The project will be built with a preliminary investment of $875
million and Rls. 12,000 billion.