Grounds Broken for $190m Propane Project in Mahshahr

Grounds Broken for $190m Propane Project in Mahshahr
(Monday, December 11, 2017) 15:52

TEHRAN (NIPNA) -- Construction of Koroush Petrochemical Project for production of 150,000 tons of propylene and other downstream derivatives has begun with 190 million dollars of investment in Mahshahr Economic Zone, southwestern Iran.

A ceremony was held last week (December 4) in Mahshahr PETZONE for breaking grounds for construction of the project.

Bank Karafarin is one of the major financers of the project which is hoped to generate at least 700 direct jobs.

Currently, 27 projects are under construction in the zone which have made between 7 to 90% progress.

Once the projects become operation with an estimated investment of 1.5 billion dollars, a torrent of petrochemicals will be produced in the region.
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