MOSCOW (MRC) -- The Iranian Maku Free Trade Zone is in negotiations with firms from Germany and Turkey for investment in launching petrochemical units in northwestern Iran, managing director of the zone said, reported GV.
"A delegation from Germany will visit the Maku FTZ in coming weeks and Turkish companies are also interested to invest in the Zone," Hossein Foruzan told Shana. "Petrochemical plans have investment priority in the zone," he added, "The infrastructure is inviting the investors too."
Foruzan cited rich water resources and feedstock supply as major advantages of the zone which justify investment in launching petrochemical industry.
As MRC wrote before, Iran starts marketing for petrochemical exports to Europe, director general of the Association of Petrochemical Industry Corporations (AIPC) has referred to the talks with some European petrochemicals distributors estimating increased export in petrochemicals after the removal of sanctions.
Announcing that exports to new markets like Europe have been put on the agenda in time with the increase in production capacity of petrochemical products, he asserted that, "accordingly, negotiations with some major petrochemical and polymeric companies have been launched."
Currently number of active Iranian Petrochemical complexes are 53, with total production capacity of 59 million metric ton, producing range of polymers, chemicals, aromatics & liquid gas, located mainly at Iranian south region, next to Persian Gulf, called Assaluyeh and Mahshahr Special Economic Zones. At the moment, there are 67 developments projects in the country which are under construction, adding 61 million metric ton on total production and estimated to fully run till 2018.
MRC