Construction of the project is
progressing according to the plan and most of the foreign orders that were
supposed to be provided by European countries have fortunately entered the
country and are to be installed in the facility.
Germany, Italy, Austria and Spain are
the main suppliers of equipment for this project, and due to China's finance, Lordean
Petrochemical Company is obliged to buy part of the equipment from the country.
Financed by a Chinese financier, the
project is 15% owned by its stockholders and 85% by the Chinese financier.
Once operational, the plant will
supply 1.073 million tons of petrochemicals annually of which 30% will be
consumed domestically and the rest will be sent over to international markets.
The project is being built in 100
hectares of land in Lordegan County in the western province of Charmahal and Bakhtiari.