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Iran Petrochemical Sector Shifting Focus on Value-Added Approach

Over the past six years and thanks to the completion of several South Pars Gas Field phases, there has been an abundance of ethane and ethylene supply.
Iran Petrochemical Sector Shifting Focus on Value-Added Approach  Iran Petrochemical Sector Shifting Focus on Value-Added Approach

The Persian Gulf Petrochemical Industries Company is looking closely at ways to add value to its output and is building petrochemical plants estimated to cost $8.5 billion, the managing director said Thursday.
Speaking at the groundbreaking ceremony of a petrochemical project in the southwestern city of Andimeshk, Khuzestan Province, Jafar Rabiei said three major complexes would come on early next year, the Oil Ministry news website Shana reported.
“Bid Boland Gas Refinery in Khuzestan, urea and ammonia units of Lordegan Petrochemical Complex in Chaharmahal and Bakhtiari Province, and two olefin plants at Ilam Petrochemical Complex, costing over $4 billion will be launched next year,” he said.

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