According to the public relations and international affairs office of
Fanavaran Petrochemical Company, the project entered the operational stage
after the completion of feasibility studies and issuance of necessary permits, in
the participation of its shareholders.
With the allocation of the relevant land in phase 5 of the
Petrochemical Special Economic Zone, obtaining all the necessary permits and
announcing the readiness of the shareholders, this project entered the
Mohammad Javad Badri, Vice Chairman of the Board of Directors and CEO
of Fanavaran Petrochemical Plant, which is the major shareholder of Fanavaran
Petrochemical Company, said in this regard that in the first phase, the
necessary foundation for construction of the production plant will be made,
during which, in addition to the preparation of peripheral roads, construction
of two 50,000-ton methanol storage tanks with a total capacity of 100,000 tons
is on the agenda.
Badri said the purpose of building this methanol production unit is
changing production strategies from raw sales to production of more reliable
and profitable items, providing the necessary feedstock for the defined value
chain of this product, and added that with the development of the production
chain in the downstream industries of methanol, 280,000 tons of linear low
density and high density polyethylene and 450,000 tons of polypropylene will be
produced annually, along with other side products.
He further said that the project would create 3 to 4,000 direct jobs.