Safarali Babaei said on Monday that
studies for construction of an olefin project with 1 million tons of capacity
at Bandar Emam were under way, adding a licensing round for an HDPE unit in
Mamasani or Broujen was to be held soon.
He said construction work for Avicenna
Project in Andimeshk had begun, expressing optimism that final paperwork
concerning Songhor Plant in Kermanshahd, western Iran, by PGPIC would be complete
by next month.
Babaei further said that PGPIC had
also planned to launch 7 downstream projects under the third petrochemical leap
of the country which is expected to be materialized by 2025.