Chemical Plant Will Be Set Up in Petzone With Chinese Investment

The Petrochemical Special Economic Zone Organization and a Chinese company have signed a memorandum of understanding for the construction of a sodium formate production plant in Mahshahr, Khuzestan Province.
The Chinese company (whose name has not been revealed) will invest $4 million on the project that will be built on a 3,000-square-meter land at the Petrochemical Special Economic Zone (Petzone) in southwest Iran, the National Petrochemical Company’s news website Nipna reported.
The plant is expected to produce 30,000 tons of sodium formate per year upon completion.
Sodium formate is a colorless sodium salt of formic acid. It can be prepared by reacting formic acid with sodium hydroxide or carbonate.