Addressing a ceremony
to sign an agreement for construction of Ilam Polypropylene Park on Monday, Rasoul
Ashrafzadeh said: “The rate of return on investment of this project is more
than 30%.”
He said development
of value chain completion was one of the main policies of Petrol.
The official
further said low volume of investment, sustainable employment, prevention of
raw materials sales with the development of downstream industries, prevention
of currency outflow from the country, employment of local specialists and
development of the region were the goals sought in developing Ilam
Polypropylene Park.
Ashrafzadeh added
that 6 zones had been considered in Ilam Polypropylene Park, noting: “94
different units can be built in the park for production of items like pipes,
injection molds, films and sheets, pneumatic molds, protective coatings, fibers
and other products.”
The CEO of Petrol
stated that the area required for the construction of the polypropylene park was
30 hectares.
The total
capacity of this park will be 35,000 tons, which will create direct employment for
4,830 people and indirect employment of 9,000 people.
Ashrafzadeh further
said that the volume of investment necessary for construction of Ilam Polypropylene
Park would be IRR 12,000 billion by the private sector.
Petrol will have
20% stakes in the project, he added.