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(downstreamtoday) -- Iran is due
to inaugurate a new petrochemical company named Arvand with the capacity of
producing 340,000 tons of PVC annually.
Iran is slated to officially
inaugurate three important petrochemical industry projects in the country's
Mahshahr Petrochemical Special Economic Zone.
The projects include the
polyvinyl chloride (PVC) production line at Arvand Petrochemical Complex, the
oxygen and nitrogen production line at Maroon Petrochemical Plant and the second
liquids loading pier at Mahshahr Petrochemical Special Economic Zone.
All
three enterprises are due to be inaugurated in the presence of senior Iranian
officials on Monday, May 21, to mark the anniversary of the liberation of
Khorramshahr from Iraqi occupation during the eight-year imposed war
(1980-1988).
Arvand, the fourth petrochemical complex to produce PVC in
Iran, will increase the country's annual production capacity by 340 thousand
tons.
The output will fully satisfy Iran's domestic demands and even turn
the country into a PVC exporter. It is estimated that the Islamic Republic will
hold 25 to 30 percent of the global market following the export of the
product. |
