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Construction of Fanavaran Petroolefin Plant Begins

Construction of Fanavaran Petroolefin Plant Begins
(Friday, October 14, 2022) 22:56

TEHRAN (NIPNA) -- The executive operation of the one 1.65 mt/y Fanavaran Petroolefin Plant began.

According to the public relations and international affairs office of Fanavaran Petrochemical Company, the project entered the operational stage after the completion of feasibility studies and issuance of necessary permits, in the participation of its shareholders.

With the allocation of the relevant land in phase 5 of the Petrochemical Special Economic Zone, obtaining all the necessary permits and announcing the readiness of the shareholders, this project entered the operational phase.

Mohammad Javad Badri, Vice Chairman of the Board of Directors and CEO of Fanavaran Petrochemical Plant, which is the major shareholder of Fanavaran Petrochemical Company, said in this regard that in the first phase, the necessary foundation for construction of the production plant will be made, during which, in addition to the preparation of peripheral roads, construction of two 50,000-ton methanol storage tanks with a total capacity of 100,000 tons is on the agenda.

Badri said the purpose of building this methanol production unit is changing production strategies from raw sales to production of more reliable and profitable items, providing the necessary feedstock for the defined value chain of this product, and added that with the development of the production chain in the downstream industries of methanol, 280,000 tons of linear low density and high density polyethylene and 450,000 tons of polypropylene will be produced annually, along with other side products.

He further said that the project would create 3 to 4,000 direct jobs.

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