Tag Archives | Damavand Petrochemicals

Plant to Supply Power for 12 Petchem Units

Phase I of Damavand Petrochemical Utility Plant, officially launched this week, generates 648 megawatts of power to be fed to 12 petrochemical facilities operating in Phase II of Asaluyeh Petrochemical Hub, southern Iran. Addressing a press conference on Monday, Mohammad Reza Samiei, managing director of the plant, said the complex is being built to provide […]

Damavand Petrochemical Plant Finally Privatized

Iran has ceded Damavand Petrochemical Utility Plant to the private sector after a series of failed bids, a privatization official said. The Managing Director of Iran Privatization Organization Jafar Sobhani said on Tuesday that the organization has finally sold the facility to the private sector at nearly IRR 8.270 billion. He said the organization held […]

Linde, Mitsui plan $4bn investment in Iran

By John Lee. German industrial gases company Linde and Japan’s Mitsui Chemicals are planning to invest $4 billion into petrochemical projects in Iran. Linde is considering investment in several Iranian projects, including Damavand Petrochemicals, in cooperation with Japan’s Mitsui, Marzieh Shah-Daei projects director at the A spokesperson for the National Petrochemical Company (NPC) told Press […]