According to the National Petrochemical Company (NPC), Rahim Sharif Mousavi said plans were underway to complete the value-chain of methanol production in the area.

The official outlined the latest developments in his company’s subsidiaries, saying Sabalan Methanol Project had gained 80 percent progress and Dena Methanol Project was 60% complete while Siraf Methanol Project was 40 percent complete.

He said the holding company had stepped in the petrochemical sector in order to develop the industry.

The official further said that the produced methanol would be exported and its production value-chain would be complete afterwards.

Sabalan project is being developed for 1,650 million ton per year of production capacity in Phase II of Assaluyeh, southern Iran.

Siraf methanol project will supply the same amount in Dayyer County, southern Iran.

Furthermore, Dena project, operating with the same production capacity, is being launched in Phase II of Assaluyeh.