Energy
0

Arg Petrochem Project Ill-Conceived

Arg Petrochem Project Ill-ConceivedArg Petrochem Project Ill-Conceived

Construction of Arg Petrochemical Complex in Mahshahr, Khuzestan Province, which was approved in 1996 to annually produce 100,000 tons of acrylonitrile, remains on hold.
The national project, which could be the key to Iran's self-sufficiency in the production of acrylonitrile and end imports, has made no progress over the past quarter century, YJC reported.
According to reports, the project needs $200 million, which is expected to be provided by the National Development Fund of Iran.
Acrylonitrile is the main monomer of composite fibers, generally called acrylic. It is an organic compound used to make other chemicals such as plastics, synthetic rubber, acrylic fibers, as well as machine-made carpets, blankets, clothing and the textile industry in general.

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