Italy to Invest $450m in Mazandaran Bioethanol Plant
Economy, Domestic Economy

Italy to Invest $450m in Mazandaran Bioethanol Plant

Italy will invest $450 million in the construction of a bioethanol manufacturing plant in the northern port and free trade zone of Amirabad in Mazandaran Province, the director of Amirabad Special Economic Zone said.

“We have signed a memorandum of understanding and we will sign a contract in the near future,” Ali Khedmatgozar was also quoted as saying by IRNA. Bioethanol is derived from crops such as wheat and corn, using sugar fermentation process. The fuel can be used as an alternative for gasoline. It can also be mixed with gasoline to any percentage.

Short URL : http://goo.gl/oUODkZ
  1. http://goo.gl/xlb0NJ
  • http://goo.gl/PqjDu8
  • http://goo.gl/5hKDbc
  • http://goo.gl/f1mkmY
  • http://goo.gl/bfKSRz

You can also read ...

FATF Gives Iran Until February to Complete Reforms
The international group that monitors money laundering...
EU Mechanism for Iran Trade Pursues Long-Term Targets
France’s Foreign Ministry said on Thursday the creation of a...
Iran Private Sector Businesses Dispirited Over Economic Conditions - Report
A recent survey conducted by the Tehran Chamber of Commerce,...
Tehran Market: Gold Prices Move Toward Relative Calm
Gold prices are relatively stable according to the head of...
UK Preserving Iran Humanitarian Trade in Face of US Sanctions
High-level meetings on Thursday and Friday in London were held...
Iran Government Expected to Change Currency Repatriation Rules
Iran's private sector remains steadfast in its opposition to...
Iran: Imports of Essential Goods Top $4.6 Billion (Mar-Sep 2018)
Over 9.13 million tons of essential goods worth $4.67 billion...
Tehran Stock Exchange's Main Index Registers 90% Growth Since March
The total value of traded shares in Tehran Stock Exchange...