Amir Hossein Bahraini, Managing Director of Aria Sasol Polymer Company said on Wednesday that a new product from the heavy polyethylene group had been produced by the company that was unveiled on the sidelines of the 13th Iran Plast International Exhibition in Tehran.

He said industrial production of the new heavy density polyethylene grade had started in the company for the first time, which had rendered Iran needless of importing the item.

Bahraini added: “Aria Sasol is the first Iranian company to produce this valuable item in accordance with international standards on an industrial scale.”

He said the item was widely used for production of car tanks, high quality plastic barrels as well as one-tonne barrels of chemicals (IBC-Tank) and had all the features similar to BASL products.

The official said that there was a 50,000-ton market for the product in Iran, adding that the grade was vigorously sought after in international markets as well.

He added: “Along with creating more value added and completing the product’s value chain, a project has also begun for construction of a new polyethylene unit with an investment of $300 million and a production capacity of 300,000 tonnes per year, which is expected to become operational by February 2022. When the project comes online, the plant’s production capacity will reach 2 million tons per year.

Aria Sasol Polymer Co., with a production capacity of 1.7 million tonnes of ethylene, C3 and polyethylene (light, medium and heavy) is an Iranian polymer giant based in Pars Special Economic Zone.