This initiative is part of the first phase of the methanol value chain park project.

Ali Vatani, chairman of the board of directors of the company, stated that this technology is the most advanced, optimized, and represents the third generation of MTO technology developed by Dalian. 

He added that the establishment of this unit and the development of the value chain for this crucial product, in line with global standards, will increase the country’s olefin production. 

According to Vatani, the methanol value chain park will be constructed in the Parsian Energy Special Economic Zone, based on an inward-looking and outward-oriented economic model. It will utilize surplus methanol produced in the country, particularly in the Asaluyeh region, to supply 22 valuable end products to downstream industries.

Vatani noted that in the first phase of the park, in addition to the construction and operation of the MTO unit, two downstream units for acrylonitrile (ACN), which is used in the textile industry, and polyethylene polymers (LL/HDPE) are also planned. The selection of these downstream units was based on domestic market demand and export potential.

He emphasized that methanol, as one of the most important petrochemical base products, can serve as a raw material for many downstream chemicals. The strategy to build the methanol value chain park in the Parsian Energy Special Economic Zone was adopted due to the accumulation of methanol caused by ongoing and unjust sanctions. The park aims to turn this challenge into an opportunity by producing higher value-added products, thereby diversifying the petrochemical industry’s product portfolio.

Vatani also highlighted that the accumulation of over 60% of methanol produced in the Asaluyeh region, along with the existing port infrastructure and the Parsian export dock, has reduced transportation costs for this product.