TEHRAN - Arian Methanol Petrochemical complex with an annual production capacity of 1.650 million tons of products and an investment of 243 million dollars was put into operation in Iran's Pars Special Economic Energy Zone (PSEEZ).

The project was launched on June 24 in the presence of the acting president Mohammad Mokhber and Oil Minister Javad Oji via videoconference.

Spanning seven hectares of land, the complex is located in Pars Special Economic Zone in Assaluyeh, south of Iran. 

The complex uses 1531 million standard cubic meters of natural gas and 671 million standard cubic meters of oxygen as feed.

The complex, which has been implemented by Bakhtar Group’s investment, creates job for 300 people directly and is estimated to earn 280 million dollars annually.

PSEEZ is home to several petrochemical complexes that receive gas and gas condensate feedstock from the giant South Pars gas field, which Iran shares with Qatar in the Persian Gulf.

The zone is the hub of Iran’s exports of major non-oil commodities including gas condensate and petrochemicals.

EF/