16 Petrochem Plans Worth $17b to Enhance Value Chain, Production

Sixteen petrochemical projects worth approximately $17 billion are being developed by the Persian Gulf Petrochemical Industries Company. 
The initiatives will help complete the value chain of petrochemicals and boost the National Petrochemical Company’s annual output by 21 million tons.
Jafar Rabiei, the PGPIC chief, made the statement in the opening ceremony to inaugurate the light naphtha desulfurization unit in Bu Ali Sina Petrochemical Company in Khuzestan Province in Mahshahr on Saturday, the Oil Ministry’s news service Shana reported.
“Completed at an estimated cost of $100 million by local contractors, the plant will produce 230,000 tons of liquefied petroleum gas in addition to 120,000 tons of C5 raffinate that is primarily used as a raw material for synthetic rubber and petroleum resins,” he added.