Speaking to NIPNA about the group's development
projects in the petrochemical sector, Mohammad Reza Dayani said the projects
include the 500,000-ton formalin and 1,800-ton methanol projects in Qeshm Island,
the 130,000-ton hexane project in Asalouyeh and a PDH project with 700,000
ton/year project for production of polypropylene in Asalouyeh.
He said a contract for purchasing the license for
the PDH project with UOP has been closed and the feedstock supply plan for the
project has been prepared.
"We hope that the EPCF contract for South
Korea's finance will be implemented soon," he added.
Dayani further said that the machinery for
construction formalin project in Qeshm Island and talks are under way for purchasing
the licenses for the methanol project.
He said the projects are being built with $2
billion of investment and will come on-stream within the next two years.
The EIG director further added that increasing exports
and generation of FOREX income are the top priority of the group.