Iran Inaugurates World’s Biggest Methanol Plant
IRAN NEWS ECONOMIC DESK
TEHRAN – President Hassan Rouhani on Thursday inaugurated the world’s largest methanol producing plant in the country’s southern province of Bushehr.
In a ceremony held via videoconference on Thursday, President Hassan Rouhani ordered the opening of three energy projects in Bushehr and the western provinces of Lorestan.
The projects, completed with an investment of $1.57 billion by the private sector, include Kaveh plant, known as the biggest methanol producing facility in the world, and Kimia Pars petrochemical factory in Bushehr, as well as a plant producing catalysts in Lorestan.
The three projects provide direct employment for 2,110 people.
Speaking during the ceremony, the head of state noted the event as a major step towards the country’s economic development despite sanctions.
“The inauguration of three important national projects worth about $1.6 billion is a valuable step in the development of the country,” Iranian president said.
‘Investing in the petrochemical industry, which returns the finances within three or four years, is among the most important priorities of the county,’ Rouhani said adding that he is delighted to inaugurate a major petrochemical project in Bushehr province.
Three petrochemical industry projects inaugurated by the president on August 7 include Kaveh Methanol company, Middle East Kimia Pars petrochemical complex and Lorestan Catalyst petrochemical complex.
According to Managing Director of National Petrochemical Company of Iran Behzad Mohammadi, in total, 27 petrochemical projects planned to be inaugurated during the next two years, out of which 17 plants will start operations till the end of the current Iranian year (began on March 20, 2020).
President Rouhani also said that Iran has inaugurated four projects so far and will continue to open 13 others till the end of the current Iranian year (March 20, 2021).
He said it is really pleasing that Iran has been able to open three economically-important projects that will help to the country’s non-oil revenue, self-sufficiency, and employment.
Expressing happiness that these projects have been implemented by the Iranian knowledge-based enterprises, he said, “We are witnessing a big development in petrochemical products, which have doubled.”
He said that 23 years ago, the revenue of the country from petrochemical products was just one billion dollars; before his government, it was $11 billion; and until the end of the Iranian year (March 20, 2021), it will double.
He added that the phase is to make $37 billion a year in 2025.
