PETZONE Backs Downstream Developers

PETZONE Backs Downstream Developers
(Sunday, July 28, 2019) 16:36

TEHRAN (NIPNA) -- The CEO of the Petrochemical Special Economic Zone Organization (PETZONE),voiced the organization’s support for developing downstream industries in the southwestern region.

Investors will have various bonuses for developing petrochemical downstream industries in the special economic zone with the goal of completing the value chain, said Sayed Omid Shahidinia, Managing Director of the PETZONE in Mahshahr, southwestern Iran, told NIPNA, underlining the existence of favorable infrastructure and capabilities for the development of downstream petrochemical industries in the region.

“At present, 18 downstream companies are active in the region, of which 10 companies are operational and are actively producing their products,” he said.

He added that other 8 companies were building downstream projects in the area.

According to him, 12 other companies had applied for building downstream projects in Mahshahr whose applications were being considered and weighed up by the organization.

"According to the estimates, the feedstock needed by these companies is more than one million tons per year, which we hope we can work with the National Petrochemical Company to provide direct feedstock supplies to them through companies based in the region."

It is worth mentioning that raffinate, methanol, sodium hydroxide, and polymers are the main feedstock needed by these projects.

Email is required
Characters left: 500
Comment is required