6 August 2020 - 15:52
  • News Code: 305798
Iran Eyes $400m Revenue Generation by Kaveh Petchem Plant

TEHRAN (Shana) -- The CEO of Kaveh Petrochemical Plant stated that the facility was built with $950 million of investment, adding the project would generate $400 million annually.

Speaking in a ceremony to launch the facility on Thursday (August 6), Ebrahim Asgarian noted that the facility is the world’s largest methanol producer with a daily production capacity of 7,000 tons of the item.

It is developed for production of 2.3 million tons of methanol, he said, adding the plant is built in 200 hectares of land which can be developed for 5 projects.

He added: About 1350 people are working in Kaveh Petrochemical Complex, 60% of which are local employees.

The CEO of Kaveh Petrochemical Plant considered a private jetty and utility as important features of this project, and said the design and construction of the plant’s jetty took seven years, which has the capacity to berth ships with a capacity of 100,000 tons and its capacity can be increased to 8 million tons per year. In addition to the ability to load methanol by SPM method, this jetty has the ability to load other materials.

Asgarian continued: “Kaveh Petrochemical Plant has 9 storage tanks with a capacity of 420,000 tons of methanol, which is unique.”

News Code 305798

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