Baku, Azerbaijan, March 7
By Elnur Baghishov - Trend:
Iran’s Persian Gulf Holding Company (PGHC) will launch oil, gas, as well as petrochemical projects next year (starting from March 21, 2019) with investments worth $4 billion, PGHC Managing Director Jafar Rabiei said at the groundbreaking ceremony of a petrochemical plant in Andimeshk county, Trend reports via SHANA.
He said that the projects include Bid-Boland Gas Refinery, Lordegan Petrochemical Plant and Ilam Olefin Plant.
He added that the company is carrying out petrochemical projects worth $8.5 billion.
He noted that Nouri Petrochemical Company (LLP), Bou Ali Sina Petrochemical Company and Bandar Imam Petrochemical Company Ltd will enter the energy exchange next Iranian year adding that petrochemical companies account for 12 percent of Iran’s energy exchange.
The petrochemical plant, the groundbreaking ceremony of which is taking place in Andimeshk county located in the southern Iranian province of Khuzestan, is projected to produce 110,000 tons of ethylene oxide, 11,000 tons of monoethylene glycol, 101,000 tons of ethoxylation and 31,000 tons of ethanolamine per year.