In line with the development of large-scale petrochemical industry projects, Mohammad Reza Saeedi, CEO of the Social Security Investment Company (SSIC-Shasta) and the accompanying delegation visited the space prepared for the construction of the “Synthetic Ethanol Project” within the Kharg Petrochemical Complex in Kharg island.
The visit was conducted with the aim of reviewing the process of preparing infrastructure and accelerating the implementation of the project, and increasing methanol production capacity. Shasta CEO emphasized on the sidelines of the visit that this project not only helps to earn foreign exchange and strengthen the national economy, but also demonstrates the high capacities of domestic experts in overcoming sanctions.
Komeil Pourziaei, CEO of Kharg Petrochemical, also stated in the meeting that Kharg Petrochemical can become a methanol production hub in the region by implementing this project and utilizing modern technologies. The successful implementation of Kharg Petrochemical’s synthetic methanol project will not only strengthen the company’s value chain, but will also enhance Iran’s position in global markets and ensure the further development of the country’s chemical product exports and generate sustainable foreign exchange.
It is expected that the implementation of this project, in addition to creating direct and indirect employment, will produce more than one million tons of methanol with a purity of 99.85%, which is used in the plastics, fuel and petrochemical industries.
Also, Shasta, as one of the largest multidisciplinary holdings in Iran, will increase its profitability by investing in this project and play a key role in the development of downstream oil industries.
