News Agency - Detail

Dena Petchem Plant Complete by March 2023

€150m Earmarked for Dena Petchem Project from NDFI

€150m Earmarked for Dena Petchem Project from NDFI
(Wednesday, October 21, 2020) 18:36

TEHRAN (NIPNA) -- The CEO of Dena Petrochemical Project said arrangements have been made for tapping the National Development Fund of Iran (NDFI) for financing the project by 150 million Euros which would be enough to complete the project by March 20 2023.

Abolghasem Sharifi said the project’s construction had reached 64.83% completion in the first 6 months of the current calendar year, which began on March 21, adding despite the coronavirus outbreak, the project has been able to gain valuable achievements such as renewal of its feedstock supply agreement, receiving the letter announcing Dena project to be at the top of the list of priority projects of the Ministry of Petroleum.

He added: "According to the plans, 150 million Euros is needed to complete the project, the receipt of which from the facilities of the National Development Fund of Iran is on the agenda."

The Dena methanol project is being built on a 7-hectare land in the second phase of the Pars Special Economic Zone (Assaluyeh) to produce 1,650 tons of AA grade methanol.

Email is required
Characters left: 500
Comment is required