The South African group of Sasol is building a polymer plant in Iran at a cost of 7.3 billion rands, as part of a drive to boost the group's polymer production capacity 70% by 2007, news reports said on Monday.
According to Business Day, the facility in Iran, where Sasol is also conducting a feasibility study into the establishment of a gas-to-liquids plant, is an equal joint venture with the National Petrochemical Company of Iran.
The project at Assaluyeh on the Persian Gulf will comprise a 1 million-ton-a-year ethane cracker and two 300000-ton-a-year polyethylene plants one for producing low-density polyethylene and the second for high-density polyethylene.
Of the possible gas-to-liquids facility in Iran, Sasol said it would tap gas from the same reserve as its Qatar facility, which is currently under construction. (menareport.com)
© 2004 Mena Report (www.menareport.com )