Iran's President, Mohammad Khatami, inaugurated five major petrochemical projects in Mahshahr in the southwestern province of Khuzestan on Tuesday.
Khuzestan petrochemical companies, Fanavaran petrochemical company, Fajr petrochemical company, Bandar Imam MTBE petrochemical project, and a special economic and petrochemicals export dock were among the projects to be put into operation concurrent with the president's visit.
Khuzestan petrochemical firms, set to produce engineering polymers, cost Rls 600 billion plus Rls 190 million to be put into operation.
Fanavaran petrochemical facility which has been producing carbon monoxide and acetic acid since 2001 was put into operation ahead of schedule at a cost of $134 million plus Rls 470 billion, Tehran Times reported.
The MTBE plant, however, is to become operational with an installed capacity of 500,000 tons of MTBE per annum. The sum of Rls 352 billion plus $142 million was invested in this project.
Fajr petrochemical project is the first utility project to be put into operation. It was built at a cost of Rls 1,190 billion plus $310 million.
The construction of the dock, which began in 2000, has a daily capacity of offloading 2.5 tons and loading liquid products and was built at a cost of Rls 150 billion plus $3.5 million. (menareport.com)
© 2004 Mena Report (www.menareport.com)
