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Basij Bijar Petchem Plant Commences Operations

Basij Bijar Petchem Plant Commences Operations
(Saturday, November 4, 2023) 14:04

Kurdistan (NIPNA) - In a significant development for the petrochemical industry, the construction operations for the "Basij Bijar" petrochemical project in Bijar, Kurdistan, officially commenced in the presence of high-ranking officials. This milestone event took place as President's visit to Kurdistan was underway, emphasizing the strategic importance of the project.

The inauguration of the "Basij Bijar" petrochemical project was marked by the presence of Morteza Shahmirzaei, Deputy Minister of Petroleum, and the CEO of the National Petrochemical Company, along with other regional executive authorities.

This ambitious project is set to receive an investment of 750 million euros, and the financing will be a collaborative effort involving several prominent Iranian banks, including Bank Melli, Sepah Bank, Bank Mellat, Bank Tejarat, and Bank Saderat.

The "Basij Bijar" petrochemical facility is slated to produce a range of essential petrochemical products, primarily focusing on PTA (Purified Terephthalic Acid) and PET (Polyethylene Terephthalate). These products are integral in various industrial applications, contributing to the nation's economic growth.

The commencement of construction operations for the "Basij Bijar" petrochemical project signifies a substantial step forward for Iran's petrochemical industry, reinforcing its role in both domestic and international markets.

This venture aligns with Iran's commitment to further develop and strengthen its petrochemical sector and solidify its position as a key player in the global petrochemical industry. It is expected to generate employment opportunities, stimulate economic growth, and enhance the country's self-sufficiency in producing essential petrochemical products.

The "Basij Bijar" project is poised to make a substantial impact on Iran's petrochemical landscape and stands as a testament to the nation's dedication to advancing its industrial capabilities. As construction progresses, the project is expected to be a cornerstone in bolstering Iran's economic infrastructure and creating a ripple effect throughout the region.

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