Petrochemicals

The companies announced the project in July 2016. and aim to make a final investment decision after all necessary permits are secured.

The new ethylene cracker will increase the ethylene capacity by around 1.2 million metric tons per year.

Iran ranks first in the world'.s gas reserves and fourth in the world'.s oil reserves.

The nominal production capacity of petrochemical plants in Mahshahr amounts to 25.6 million tons.

Chevron Phillips is considering building a second ethane cracker on the Gulf Coast of Texas.

It is estimated that of the total manufactured commodities. 47 million tons worth $24.5 billion will be sold.

The factories have been constructed in an area covering 115.350 hectares in Marun petrochemical complex.

The project has 1.6 billion euro investment and will result in creating 1.500 jobs directly and 10.000 ones indirectly in Ardebil Province.

Petrochemical is Iran'.s most important industry after oil and gas.

Oil Show