Mahshahr Petrochem Development on Track

Investment to launch development ventures in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province has exceeded $17.8 billion, creating jobs for close to 3,000 people, managing director of the zone said.
"More than 10 upstream and midstream initiatives with an annual production capacity of 7 million tons will go on stream in the region during the next three years," Omid Shahidinia was also quoted as saying by Shana on Monday. 
Pointing to under construction plants with an investment of $1.5 billion, he said, "Upon completion, the units will create more than 5,000 direct jobs. They will significantly increase Mahshahr petrochemical output."
“By expanding the zone, the second wave of petrochemical development will commence, which is aimed at adding 7 million tons of petrochemical production to the annual nominal capacity,” he said.