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Completing Value Chain, Bushehr Petchem Plant Strategy

Completing Value Chain, Bushehr Petchem Plant Strategy
(Saturday, August 29, 2020) 16:11

TEHRAN (NIPNA) – The CEO of Shastan Holding Company said completion of the value chain was Bushehr Petrochemical Plant’s strategy.

Addressing a virtual ceremony to launch the first phase of Bushehr Petrochemical Plant, Mohammad Rezvanifar said inauguration of the project would increase the production of petrochemicals, prevent the sale of raw materials, provide the country's hard currency revenue, complete the value chain and produce more value-added items.

The CEO of Shastan said the plant was being built in 70 hectares of land in three phases. The first phase will provided ethane, methanol and utilities like oxygen, industrial water and transmission lines.

He further stated that the first phase would operate with 1.323 million tons of methane, 850,000 tons of ethane, 130,000 tons of propane, 30,000 tons of butane, 3,000 tons of pentane plus, 125,000 tons of sulfur and 1.65 million tons of methanol per year.

As he said, an investment of €1.332 billion was made for construction of the project.

In the second phase, ethylene glycol and other by-products and in the third phase will be acetic acid and vinyl acetate will be produced.

The CEO of Shastan continued that the phase would supply 4 million tons of petrochemicals annually provided that enough feedstock is supplied to the facility.

Bushehr Petrochemical Plant has generated 9,000 direct and thousands of indirect jobs, the official added.

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