Marjan Plant secures Presell Deal with German Firm

Marjan Plant secures Presell Deal with German Firm
(Saturday, September 2, 2017) 16:36

TEHRAN (NIPNA) – Marjan Petrochemical Plant, nearly ready for inauguration, has signed a deal with a Germany company for preselling methanol output of the facility, the plant's managing director says.

Speaking to NIPNA, Hassan Beigi said his company has recently secured a deal with a major European company for preselling the methanol output of the company which will guarantee return on investment of the project in a matter of two years.

Marjan Petrochemical Plant, 96% complete, is one of the three major petrochemical projects along Kaveh and Bushehr plants that will come online before the end of this calendar year to March 20.

"Marjan is the first petrochemical project that has managed to secure a presale deal with a European company," he added.

Once operational, the plant will operate at 1.650 million tons of methanol production capacity.

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