The Karoun project, jointly implemented by Iranian companies and the Swedish engineering group Chematur Engineering AB at a cost of $375 million, will produce 40,000 tons of methylenediphenyl diisocyanate (MDI) and toluene diisocyanate (TDI) per year. The project was inaugurated on Tuesday.
MDI and TDI are chemical compounds that are widely used in manufacturing flexible foams and glue as well as in packaging industry.
The other project named as Takht-e-Jamshid complex also went on stream on Monday. It will significantly boost the production of petrochemicals such as methanol, urea, ammonia as well as other value-added goods such as polystyrene and ethylene glycol, according to the NPC chief.
Providing more details about the other petrochemical project the minister said that 22 petrochemical projects are under development in Mahshahr at an estimated cost of $1.3 billion, which will increase the present production level of 65 million tons a year by 1.5 million tons. Moreover, the projects have created 30,000 jobs in the region.
She further added that Phase 2 of Kavian Petrochemical Complex with an annual production capacity of 1 million tons and Phase 2 of Morvarid Petrochemical Company with 550,000 tons, Entekhab petrochemical complex with capacity of 250,000 tons, Phase 3 of Pardis Petrochemical Company with capacity of 1.7 million tons, Kaveh Methanol Company with 2.3 million tons -- targeted to become the world's biggest methanol plant -- are among Iran's top petrochemical projects slated to be fully operational by the end of the current fiscal in March.
