2021-May-11 02:46
Economy
2021-April-15  14:53

Iran Inaugurates New Ethane Plant

TEHRAN (FNA)- Iran on Thursday inaugurated a new Ethane refinery plant in the Southern province of Fars in a ceremony attended by President Hassan Rouhani.

The project was inaugurated along with several other petrochemical projects as part of Iran’s so-called ‘third surge’ plan to increase petrochemical production capacity.

The Ethane project has been constructed near Parsian gas refinery in Mohr county, Fars province.

The plant would be fed by Asalouyeh facilities and produce methane and gas combinations like ethane, butane and propane.

The capital for the project has been provided through 152,000 billion in rial investment and 608 million dollars of foreign currency investment. The project created 1,500 jobs. It will bring one billion dollars income a year for the country.

Meanwhile, Zafar Afshoun, Deputy Governor General of Fars Province, said that the project required 80,000 cubic meters of water a year and it would be provided through wells, but the water is planned to be provided from the Persian Gulf in the long-term.

President Rouhani had also in December inaugurated 3 important petrochemical projects in three provinces of the country.

The projects, namely the olefin and sulfur recovery units of Ilam Petrochemical Plant, the potassium sulfate unit of Urmia Petrochemical Plant and Hegmataneh Petchem Plant, were inaugurated via video conference and they will bring its petrochemical production capacity to nearly 77 million tons per year.