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Iran to Build 5 Petchem Plants in Qeshm Island

(Tuesday, October 9, 2018) 18:18

TEHRAN (NIPNA) -- Construction projects of 5 petrochemical projects will soon begin in Qeshm Island, southern Iran.

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 20,000 billion.

 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.

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(Tuesday, October 9, 2018) 18:18

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