Petzone Annual Revenue Hit $5.5b

Annual production capacity in Mahshahr Petrochemical Special Economic Zone (Petzone) along the northern coast of the Persian Gulf in Khuzestan Province has reached 20 million tons, managing director of the zone said.
“The Petzone produces petrochemicals worth $5.5 billion to meet a part of domestic demand, while the rest is exported,” Omid Shahidinia was also quoted as saying by Mehr News Agency.
“Close to $20 billion have been invested in the region over the last two decades and further expansion of infrastructure will help boost production capacity and complete the value chain of commodities,” he said.
“The zone is offering special incentives like discount on feedstock to attract local and foreign investments.”