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Germany inks deal for purchase of methanol from Iran

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Staff Writer | September 3, 2017
Managing Director of Marjan petrochemical industry Hassan Beygi announced that a German company has signed a contract for in-advance purchase of methanol from Iran.
Marjan Petrochemical Industry
Trade   Marjan Petrochemical Industry
He said that the plant has more than 96 percent physical progress in construction and will start to produce its products in the current year.

Hassan Beygi said that by this contract all financial resources needed to complete Marjan Petrochemical Industry has been provided.

He added that after signing the contract all expenses for investment in the project will be returned in 2 years.

Marjan Petrochemical will has annual production capacity of 1.650 million tons methanol, in case of full operation, and is to be fed by South Pars Refineries.

It is predicted that three new plans to produce methanol to be commissioned this year, included Marjan Petrochemical, first phase of Bushehr Petrochemical and Kaveh Petrochemical, as the largest methanol production plan in Iran and the Middle East, so by commissioning these three plants Iran methanol production will pass 10 million tons annually.

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