NPC Building 7 Plants to Raise Petrochem Output

Iranian Investment Petrochemical Group is expanding operations and will contribute to the value chain of petrochemicals, the managing director, Rasoul Ashrafzadeh, said.
Founded in 2011 in Tehran, the company is a subsidiary of the Persian Gulf Petrochemical Industries Company (PGPIC) and has seven projects underway in different regions, ILNA reported.
"The ventures, estimated to cost $1billion, have made between 30-90% physical progress.”
Upon completion the new facilities will add at least 600,000 tons to the National Petrochemical Company’s current annual output of 50 million tons, Ashrafzadeh said.