According to the National Petrochemical Company, Abolghasem Sharifi said the project’s construction reached 64.83% completion in the first 6 months of the current calendar year, which began on March 21, adding despite the coronavirus outbreak, the project has been able to gain valuable achievements such as renewal of its feedstock supply agreement, receiving the letter announcing Dena project to be at the top of the list of priority projects of the Ministry of Petroleum.

He added: "According to the plans, 150 million Euros is needed to complete the project, the receipt of which from the facilities of the National Development Fund of Iran is on the agenda."

The Dena methanol project is being built on a 7-hectare land in the second phase of the Pars Special Economic Zone (Assaluyeh) to produce 1,650 tons of AA grade methanol.