TEHRAN, Mar. 11 (Mehr News Agency) - Haldor Tapsoe Company of Denmark signed a contract here on Wednesday with Iran's Marjan Petrochemical Company to commission two methanol production units, each with the annual capacity of 1.6 million tons and $500 million of investment.
The contract includes technology transfer, conducting detailed engineering designs, and offering technical service, said the managing director of National Petrochemical Company (NPC) who attended the signing ceremonies.
Adel Nejad Salim stated that the units would come on stream in four years, SHANA reported.
Another deal was signed between Sadaf Petrochemical Company and a consortium comprised of Nargan, Tecnimont S.p.A of Italy, and Polymer Company of Austria for launching a unit to produce 100,000 tons of raw materials required for tire manufacturing industries.
The project is estimated to cost $340 million, Nejad Salim said, adding Polymer, Tecnimont, and Nargan are the licensor, the provider of machinery, and the executor of the project, respectively.
The private sector has invested 3 trillion rials (about $300.6 million) in the project, IRIB reported.
The first phase of Karun Petrochemical Complex has the annual output of 180,000 tons of basic petrochemical products which are widely used as raw materials for the production of foams, insulators, suspended ceilings, auto parts, coatings, and glues.
The Fajr Petrochemical Complex expansion plan has also been launched through 2.65 trillion rials (about $265.5 million) investment.
The new unit will provide petrochemical plants with electricity, steam, oxygen, industrial waters, and nitrogen.
The projects started 3 years ago in cooperation with the German Hansa Chemie International AG and the Swedish Chematur Engineering Company.
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