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Khatami to launch petrochemical company in Iran's Kurdestan province

Tehran, Aug 16, IRNA -- President Mohammad Khatami is to officiate at an inaugural ceremony for a petrochemical company that is to be established in Kurdestan at the cost of about 300 million dollars.

According to the Petroenergy Information Network, the project is among five new petrochemical projects to be carried out in western Iranian provinces and is expected to sell 266 million dollars worth of products per year. Its domestic capital return rate has been estimated at 19 percent.

The company is to use 303,000 tons of ethylene and 5,000 tons of propylene as raw materials per year.

The needed ethylene for this project and other petrochemical complexes that are to be built in western Iran will be supplied through a pipeline from the Pars Special Economic Energy Zone (in Asalouyeh) to the Special Economic Petrochemical Zone in Imam Khomeini Port.

The company, which is located near Sanandaj, will create 200 jobs and have a direct role in developing downstream industries in the region.

... Payvand News - 8/16/04 ... --

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