Rahim Sharif
Mousavi, the plant’s managing director, said the deal has become effective and
the Germans are undertaking engineering of the project.
He said
completion of the project will add 17% to the company’s production capacity.
“The
unit is being developed with the hope of supplying feedstock to the facility’s
units and boosting its polypropylene output,” he added.
He said
optimization of energy consumption at the plant and updating procedures and operations
at the plant are other goals pursued in the project.
In other
news, Jam Petrochemical Plant has also announced it is in talk with the German
company for technology transfer and license acquisition for increasing the
facility’s ethylene output by 10%.