$700 Million Worth of Projects to Help Complete Petrochem Value Chain

Persian Gulf Petrochemical Complementary Industries Development and Improvement Group, also named Petrol, is taking measures for completing the value chain in the petrochemical industry, the managing director said.
“Currently, six projects are underway with a total investment of $700 million, and some of them are expected to become operational by the end of the current Iranian year [March 2024],” the Oil Ministry’s news service Shana quoted Rashid Qanei as saying.
When the projects are completed, 360,000 tons will be added to the production capacity of Petrol, earning nearly $700 million in revenues annually.
Elaborating on the projects, Qanei said an emulsion-styrene butadiene rubber (ESBR) unit is being constructed at Sadaf Petrochemical Company in Asalouyeh, Bushehr Province.