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New Methanol plant started by Iran

Iranian president Rouhani has inaugurated a new methanol-producing plant in Iran’s energy-rich province of Bushehr.

During a visit to Assalouyeh opened a methanol plant at Marjan. The nominal production capacity of the plant, whose construction began in 2011 in an area of 7 hectares, stands at 1.65 million tons annually. Constructed with an investment of $914 million, the plant has created 250 jobs.

In another opening ceremony, the president inaugurated the first phase of ‘Damavand’ petrochemical plant, which generates the required power and steam for running 24 other petrochemical plants in the second phase of South Pars region.