Talks with Europeans to Develop Maroon Petchem Plant

Managing director of Maroon Petrochemical Complex said negotiations are in progress with European partners for carrying out development projects at the plant.

Speaking with Shana, Rahim Sharif Mousavi said given the changing circumstances in the post-sanctions setting, we have started talks with petrochemical companies from different European countries for developing the plant’s upstream, midstream and downstream project since last year.

He said the plant produced at 97 percent of its ‘nameplate’ capacity last calendar year (ended March 19) and had nearly 40% of its output exported for foreign markets.

Maroon Petrochemical Plant is regarded as one of the world’s biggest olefin plants with an annual production capacity of 1.1 million metric tons.

(Source: Shana)

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