Economy, Business And Markets
0

Nickel Plant Opens in Alborz Province

Nickel Plant Opens in Alborz ProvinceNickel Plant Opens in Alborz Province

Kharazmi Technology Development Company inaugurated a pure nickel ingot production plant at its headquarters in Alborz Province on Sunday. The plant, inaugurated by Vice President for Science and Technology Sorena Sattari, will feed the demand of upstream industries, including steel, oil and petrochemicals, for catalysts. According to Kharazmi’s Managing Director Jalil Sobhani, the plant has the capacity to produce 7 tons of ingots per month. Iran is currently an importer of base metal catalysts such as nickel from British and Danish suppliers with orders reaching $200 million annually, ILNA reported. The new plant is expected to put Iran on the path to self-sufficiency in nickel ingot production.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com