Maindoab Petchem Plant Online

(Saturday, June 27, 2020) 18:11

TEHRAN (NIPNA) – The first project in the second leap of the Iranian petrochemical industry has come online: Miandoab Petrochemical Plant.

The $120m project is one of 17 projects planned to come on stream in the current calendar year, which began on March 20.

The 140,000-ton Miandoab high density polyethylene production plant will be fed by West Ethylene Pipeline and was launched by video conference in the presence of the Iranian President on Thursday, June 25.

70% of the complex's equipment and catalysts are supplied by domestic manufacturers. The project will directly create employment for 460 people. The products of this complex are exported after meeting domestic needs. The value of the complex's products is estimated at $142 million per year.

After Kavian, Mehr, Kermanshah, Lorestan, Kurdistan, Mahabad, Ilam, Tabriz and a number of Mahshahr petrochemical complexes, Miandoab joined the subscribers of West Ethylene Pipeline.

The unit, purchased by Bakhtar Petrochemical Company, is licensed by Mitsui of Japan and the shareholders of Miandoab Petrochemical Company are Bakhtar Holding Company with 70% stakes and Pushineh Methanol (30%).

With the operation of Miandoab Petrochemical Plant and the connection of Tabriz Petrochemical to West Ethylene Pipeline, only two more steps will remain to close the case of construction and development of the largest ethylene transmission line in the Middle East.

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National Petrochemical Company