Energy
0

Chemical Plant Will Be Set Up in Petzone With Chinese Investment

The plant is expected to annually produce 30,000 tons of sodium formate upon completion
Chemical Plant to Be Set Up in Petzone With Chinese Investment
Chemical Plant to 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.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com