Behzad
Mohammadi said on Saturday: "This project is the first national project in
the petrochemical industry whose chain develops from natural gas to propylene
and polypropylene.”
During a visit to the facility, he said that the
Islamabad-e-Gharb project is the first project that is being developed after privatization
of the petrochemical industry by the National Petrochemical Company, adding:
"The executive operation of this project is defined in three stages; first
we will move from natural gas to methanol and from this route to propylene and
finally to polypropylene production.”
The NPC CEO said the plant is financed by $545 million, and
adding: “The technical knowhow of this project has been developed for many
years with the efforts of Iranian researchers in the Petrochemical Research and
Technology Company (PRTC) and it is predicted that its operational process will
accelerate and become productive by 2024.”
Mohammadi reminded: "One of the factors that has
caused the country's petrochemical industry to be unsuccessful in developing
propylene production plans is the lack of technical savvy for production of
this strategic item which need a million tons per year.”
The CEO of the National Petrochemical Company stated:
"Currently, licenses have been issued for construction of some GTPP or GTP
projects that produce not only propylene but also propylene derivatives. We hope
to be able to supply 4 million tons of propylene by 2025 by developing these projects.”