New PET Factory in Abadan

New PET Factory in AbadanNew PET Factory in Abadan

 A PET production factory in Abadan Industrial Park, Khuzestan Province, has been inaugurated in cooperation with Barekat Foundation. PET (or PolyEthylene Terephthalate), a kind of polyester material is used in fibers for clothing, containers for liquids and foods and thermoforming for manufacturing.

The foundation has provided $2 million (67.2 billion rials) for the project and created 42 job opportunities, IRNA reported. Barekat Foundation, dedicated to creating entrepreneurs, building schools, and infrastructural development in remote regions, is affiliated to Setad (the Headquarters for Executing the Decrees of Imam Khomeini on helping the underprivileged). It has implemented several projects in the lesser developed regions of the country since 2007.