The construction of a sodium formate production complex by China in
the designated economic zone has garnered attention.
A memorandum of understanding (MoU) was signed between a Chinese
company and the Petrochemical Special Economic Zone Organization, aligning with
the objective of attracting foreign investment to the area.
According to the Public Relations Department of the Petrochemical
Special Economic Zone Organization, a ceremony took place where Peyman
Barzegar, the CEO of the organization, and the Chairman of the Chinese investor
company, signed the MoU, marking the transfer of a 3,000-square-meter land for
the establishment of a sodium formate production plant.
With a foreign investment equivalent to 175 billion Tomans (Iranian
currency), this Chinese company will engage in the production of 30,000 tons of
sodium formate per year in the downstream petrochemical sector.
It is worth mentioning that the infrastructure developed in the
Petrochemical Special Economic Zone, including water, electricity, gas,
feedstock and product pipelines, dedicated docks, and various communication
facilities, has instilled enthusiasm among investors. In line with this,
several foreign investors have visited the region in recent months, expressing
their interest in investment opportunities.
The Petrochemical Special Economic Zone Organization aims to complete
the value chain of products, reduce imports, create wealth, prevent currency
outflows, increase production, and generate employment.
These efforts create favorable conditions for both domestic and
foreign investors, contributing not only to the fulfillment of the esteemed
Leader's directives but also fostering a promising future for the youth and
honorable people of the region, providing more employment opportunities for the
talented youth and elites in the petrochemical industry.