According to Alai Mahsatan Petrochemical's public relations, Asghar
Tavakoli stated: "So far, over 50 million euros have been saved in foreign
exchange from the procurement of equipment needed for this project, and it is
anticipated that the project will be operational by July 2025."
Referring to the annual production capacity of three hundred thousand
tons of this petrochemical in the first year of operation, he added: "The
final product of this project is polypropylene, which will be produced in the
country for the first time using the innovative PDH method at Alai Mahestan
Petrochemical Project."
The CEO of Alai Mahestan Petrochemical continued: "The feedstock
for Alai Mahestan Petrochemical is provided through the Petrorefining Company
of Kangan, with a contract already in place. At its maximum nominal capacity,
this petrochemical unit has the ability to produce 450,000 tons of
polypropylene annually. The majority of the unit's output will be exported,
generating approximately €500 million annually for the country and the
Petroleum Industry Retirement Fund."
Tavakoli stated: "Over the past two years, the project has had an
average monthly physical progress of 1.65 percent."
Referring to the annual production of one million three hundred thousand
tons of polypropylene in the country, he emphasized: "Currently, about 100,000
tons of polypropylene are imported into the country annually. Given the
downstream industry projects underway in the country in the coming years, the
demand for this product is expected to reach 2 million tons."
The CEO of Alai Mahsatan Petrochemical emphasized: "The current
global production of polypropylene is 90 million tons annually, with its global
demand expected to grow by 6.4% each year."