Speaking to NIPNA, Hamid Reza Momeni, director of the Qeshm Free Zone Organization, underlined the role of petrochemicals in the development of the region, saying: "The Qeshm Free Zone master plan is being finalized with the help of a Japanese company and its first phase is complete and its second phase will hopefully be finalized within the next 6 months.”
He continued: "The problem of feedstock
supply to petrochemicals has been addressed with the help of the National
Petrochemical Company (NPC), and Qeshm Free Zone is ready for any cooperation
and interaction in the process of facilitating the construction of
petrochemical projects.”
Construction projects of 5 petrochemical projects
will soon begin on Qeshm Island, southern Iran.
The projects include the GTPP Petromofid projects
which will produce 1,650,000 tons of methanol, 465,000 tons of propylene,
450,000 tons of polypropylene, 20,000 tons of ethylene, 178,000 tons of
gasoline pyrolysis, and 36,000 tons of Liquefied Petroleum Gas (LPG) annually
and will be developed with an estimated initial investment of about $727
million and Rls 20,000 billion.
The other one is the GTX project of Kaveh Methane
Qeshm which will produce items such as polypropylene with a capacity of 300,000
tons, 107,000 tons of petrol pyrolysis, 22,000 metric tons of methane, one
million tons of methanol, 300,000 tons of propylene, and 100,000 tons of
formalin annually. The project will be built with a preliminary investment of
$875 million and Rls. 12,000 billion.