Petrofarhang Holding Firm Mulls Methanol Production Chain Completion

(Sunday, June 16, 2019) 12:29

TEHRAN (NIPNA) -- The CEO of Petrofarhang Holding Company said the firm had planned to complete methanol production chain in order to produce valued end-user items.

Speaking to NIPNA, Mostafa Taheri Najaf Abadi said this would also prevent sale of crude materials in the industry.

The effective strategy is to move from methanol production to MTP, MTO and the like, as well as production of ethylene and polypropylene which can thus lead to completion of the petrochemical industry value-chain in the future, he said.

He also stated that the company’s projects would also be quoted in the stock market after it launched the Kimiya Pars Middle East Petrochemical Company.

The official also said the holding had chosen the petrochemical industry for investing as the sector yielded more profits in comparison with other industrial sectors of the country.

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