Morvarid Petchem Plant Generates $400m/Y

Morvarid Petchem Plant Generates $400m/Y
(Sunday, April 22, 2018) 18:40

TEHRAN (NIPNA) -- Iran's Morvarid Petrochemical Plant generated over 400 million dollars in revenues over the course of the previous Iranian calendar year which ended on March 20, the plant's CEO says.

Speaking to NIPNA, Gholamreza Jokar said the facility lived up to 95% of its nameplate capacity at its MEG unit last calendar year.

"All the items produced by the plant meet international standards and are sold on world market," he said.

Joker further added that his company has cut deals with leading technical and operational companies to bring its ethylene output from 500,000 tons per year to 600,000 per year, expressing optimism that it would be materialized by the end of the this calendar year.

" The achievement of full productivity of both units of the facility depends on the South Pars phases and the timely delivery of our feedstock; we are ready for 100% productivity."

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