Published on October 14, 2017

Marjan the first Iranian petrochemical company has sealed an agreement for sale pf petrochemical products with European nations last month. The plant will operate with a capacity to produce 1.65 million tonnes of methanol per year, with the feedstock coming from South Pars gas refineries.

Beside Marjan, two other methanol projects - the first phase of Bushehr Petrochemical Co. and Kaveh Petrochemical Co. as the largest methanol project in Iran and the Middle East - will come online this year, doubling the country’s methanol production capacity to over 10 million tonnes.

Germany’s BASF – the world’s largest chemical producer – has been cited by Iranian officials as planning to make an investment of $4 billion in Iran’s petrochemical industry. Munich gas manufacturer Linde is also reportedly interested in investment worth billions of dollars in the Iranian petrochemical industry