Four petrochemical projects belonging to the Oil Industry Pension Funds in Asalouyeh, Bushehr Province, are underway and will be completed over the next two years, the head of the Board of Directors at the pension funds said.
“The plans are aimed at raising the National Petrochemical Company’s polyethylene and propylene production capacity,” Abdolhossein Bayat was also quoted as saying by IRNA.
Giving a breakdown, he noted that Soroush high-density polyethylene (HDPE) unit, Negin HDPE unit, Alayeh Mahestan propane dehydrogenation (PDH) unit and an olefin unit in Kangan Petro-Refining Company (all in Bushehr Province) are slated to go on stream in 2024 and 2025 respectively.
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