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The CEO of Karoon Petrochemical Company said the company`s costs would be reduced by one-third with the use of local catalysts.
Alireza Sediqizadeh said on Tuesday that his company was the first producer of isocyanates in the Middle East. which is a manifestation of preventing sale of crude oil and gas.
Addressing a ceremony to officially launch the second phase of Takt Jamshid Petrochemical Plant. the official said his company operated with 500.000 ton year of production capacity of which 220.000 t y were salable.
He said the launching the project 70 jobs were directly created. adding 35% of Karoon Petrochemical Plant’s costs concerned procurement of platinum and palladium catalysts which were now to be replaced by nickel catalysts supplied by HNT Holding Company.
