Iran Launches ME’s 1st MDI Production Plant
TEHRAN, Feb. 07 — Iran has launched two petrochemical projects at the heart of the Mahshahr petrochemical zone, southwest of the county, one of which being the Middle East‘s first supplier of methylene diphenyl diisocyanate (MDI).
The projects were phase II of Karoon Petrochemical Plant, Middle East’s first supplies of MDI, and Takht Jamshid Petrochemical Complex.
First Vice-President Eshaq Jahangiri attended the ceremony to launch the two projects.
Karoon Petrochemical Plant will supply 40 thousand tons of MDI annually. If fully operational, the plant, financed by €350m, saves the country $300 million annually.
Karoon Petrochemical Plant is the first supplier of MDI in Iran which is a strategic product for production of a range of items including foams used in car industry and industrial covers.
Moreover, Takht Jamshid project is a key piece in completion of the value chain in the region because it is fed by butadiene and styrene for production of polymers.
Karoon Petrochemical Plant has purchased high-tech technologies for production of MDI and TDI from Sweden’s Comator. The Swedish firm was a partner in Karoon Petrochemical Project prior to imposition of sanctions on Tehran’s nuclear program.
Source : Shana
About PETZONE
Petrochemical Special Economic Zone (PETZONE) is located in the south–west of I.R. of IRAN, at the Persian Gulf shore, within the boundaries of Mahshahr, a district of Bandar-e- Imam Khomeini (BIK (
PETZONE covers an area of 2600 hectares. The zone is established in this region due to existing natural resources and geo–economic advantages.
The opportunities created by Special Economic Zone regulations, encourage development of petrochemical production and trade, both at regional, national and transnational levels, especially in downstream industries, transfer of modern technology into the country, create jobs, boost employment, and increase export of petrochemicals .
The Organization became active in 1997 according to a decree issued by the High Council of Free Industrial and Trade Areas .
PETZONE’ S MAIN FEATURES
•Easy access to international sea routes .
•Availability of sustainable oil, gas and energy resources .
•Abundance of accessible raw materials / feedstock .
•Local skilled engineers / technicians and quality manpower
•Fast growing domestic petrochemical market .
•Easy access to European and Asian markets .
•Prevalence of duty free practices as a customs protected area .
PETZONE Organization welcomes domestic and foreign investors to join, and share the advantages and achievements of the zone .
