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China Mulls $50m Investment in Petzone

China Mulls $50m Investment in Petzone
(Sunday, February 19, 2023) 11:40

TEHRAN (NIPNA) -- A delegation of Chinese investors visited Mahshahr Petrochemical Special Economic Zone with the aim of checking the existing infrastructure and the possibility of investing $50 million to build a carbon sulfur production plant.

According to the Special Petrochemical Economic Zone Organization, this Chinese investment delegation, which is applying for the construction of a carbon sulfur production plant in the Petrochemical Special Economic Zone, held a meeting with the CEO and investment officials of the Petrochemical Special Economic Zone Organization to announced the willingness of Chinese companies to invest in Iran under the title of long-term cooperation document between Iran and China.

After visiting the facilities and infrastructure of the Petrochemical Special Economic Zone, during a meeting with the managers of the Razi Petrochemical Company, the Chinese investment delegation reviewed the status of the feedstock required for the proposed investment plan, and then held a meeting with the CEO of the Special Zone Organization, the director of the Oil Industry Science and Technology Park and the Director General of Finance of Khuzestan province, and discussed the initial feasibility of implementing the project in the special region.

These developments came immediately after the state visit of the Iranian President Ebrahim Ra’isi to China.

It should be mentioned that the infrastructure created in the petrochemical special economic zone is welcoming to investors in Iran's first petrochemical hub.

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