$1.5 Billion Petrochemical Plant Opens in Pars Economic Energy Zone

To expand the value-added chain in the petrochemical sector, the first phase of Bushehr Petrochemical Company in Pars Special Economic Energy Zone (PSEEZ), southeast of Bushehr Province, became operational on Monday.
Built in nine years, the plant will produce ethane, ethylene, methanol, sulfur and acetic acid among other petrochemicals, IRNA reported.
Stretching over 70 hectares and costing $1.5 billion, it will produce nearly four million tons per annum, including 1.65 million tons of methanol, 1 million tons of olefins, 550,000 tons of ethylene glycol, 300,000 tons of light and heavy polymers and 300,000 tons of acetic acid.