The construction of Ibn Sina Petrochemical Company in Andimeshk, Khuzestan Province, which was started recently, could be completed in three years if the required budget is allocated on time, the managing director of the company said.
“The project seeks to produce ethylene oxide and provide feed for the downstream units of ethoxylate, glycol ether and ethanolamine,” Rahim Mohammadi-Mehr was also quoted as saying by the Oil Ministry’s news service Shana.
The ethylene oxide unit will have a production capacity of 300,000 tons per year and is aimed at completing the country's ethylene value chain.
A subsidiary of the Persian Gulf Petrochemical Industries Company, the plant is estimated to cost $300 million, he added.
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