Borujen Petrochemical Park will be constructed in Chaharmahal-Bakhtiari Province to develop downstream industries, create employment and boost the southwestern province’s economy.
The facility will be built with an investment of $120 million and when operational, it will produce 65 products, most of which are to be imported, the Oil Ministry’s news agency Shana reported.
It will be fed with 35,000 tons of polypropylene, 85,000 tons of polyethylene, 40,000 tons of styrene butadiene rubber, 150,000 tons of urea and 10,000 tons of ethylene-propylene diene monomer annually.
The park will create 3,130 direct and 7,185 indirect jobs.
Products of the facility will be used in all kinds of interior and exterior car parts, double-walled pipes, polyethylene fittings, polyethylene manholes and polyethylene ponds, car tires, plastics, formaldehyde and urea resins, ABS plastic sheets, polystyrene sheets, polystyrene and alloys have.
Iranian Investment Petrochemical Group (also called Petrol), a subsidiary of the Persian Gulf Petrochemical Industries Company, will carry out the project.
Petrol has nine other projects at hand that have made 30-90% progress.
The projects are expected to add at least 600,000 tons to the current annual output of 90 million tons.
PGPIC is Iran’s largest petrochemical company with 60 subsidiaries and 11% of the capital market. Its export revenue is said to be $8-9 billion per year and according to published reports, it is the second biggest petrochemical exporter in the Middle East.
Iran is making efforts to increase its annual petrochemical production that has higher value-added.
