KPC’s Annual Methanol Output to Reach 2 Million Tons

The development of Kharg Petrochemical Company, the only petrochemical producer on Kharg Island 25 kilometers off the Persian Gulf coast, is underway as planned, the head of the company said.
“The project, which is estimated to become operational in 2024 will increase the plant’s annual methanol output by 1.4 million tons per year to reach 2 million tons,” Bahman Behzadi was also quoted as saying by the Oil Ministry’s news portal.
The license to provide the plant’s feedstock has been obtained and close to $200 million have so far been invested in the venture, he added.