Thursday, 30 December 2004 Iran's National Petrochemical Co. has signed a EUR150 million contract with an Iranian-German consortium for the construction of a heavy-polyethylene plant in western Iran.
The consortium, made up of Iranian company Sazeh and Germany's Uhde GmbH on 51-49% basis, will build the plant in the Harsin region of the western Iranian province of Kermanshah, which borders on Iraq.
The plant, which will have an annual production capacity of 300,000 metric tons, will be constructed over a period of 28 months. Construction is scheduled to begin later this year but no exact date has been given.
Under the contract, the consortium will be responsible for engineering, procurement of equipment and machinery, construction, pre-commissioning, commissioning and test production.
Feedstock for The plant, to be called West Petrochemical Co., will be supplied by a 1,500-kilometer pipeline carrying ethylene from the port of Assaluyeh on the Persian Gulf to western Iran.
Commenting on the contract, Mohammad-Reza Nematzadeh, the managing director of state-owned NPC, said that at current prices the heavy polyethylene produced by the plant would be valued around $200 million.
He said NPC would sign contracts for the construction of four additional petrochemical plants in western Iran over the course of the next Iranian calendar year, which begins March 21.
29 December 2004 |
Thursday, 30 December 2004
Tehran, By Dow Jones
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