Petrofarhang Seeks to Raise Methanol Output, Create Value Added

Petrofarhang Holding Company intends to increase methanol output capacity and complete methanol value chain to create added value by building new methanol units to produce polyolefins and polypropylene, managing director of the company said.
“The current capacity of methanol production in Iran is 14 million tons per year, which is planned to exceed 20 million tons by 2024,” Marzieh Shahdaei was also quoted as saying by the National Petrochemical Company’s news portal Nipna.
Petrofarhang, a subsidiary of the Teachers’ Investment Fund, has invested in 13 still under construction.
“The company has four methanol production units. Middle East Kimia Pars Petrochemical Company was launched last year. Sabalan Petrochemical Plant was officially inaugurated last week and two more projects, namely Dena and Siraf, will become operational in the next two years, helping raise the country's methanol output capacity,” she said.