President inaugurates major petrochemical projects in southern Iran

The projects were inaugurated as part of Iran’s ‘third surge’ plan to increase petrochemical production capacity, IRNA reported.

The Ethane refinery, has been constructed near Parsian gas refinery in Mohr region in Fars province, and is to make one billion dollars income each year.

The plant would be fed by Asalouyeh facilities and produce methane and gas combinations like ethane, butane and propane.

The capital for the project was provided through 152,000 billion in rial investment and 608 million dollars of foreign investment.

The project has also created 1,500 job opportunities.

Meanwhile, Zafar Afshoun, Deputy Governor General of Fars Province, said that the projects required 80,000 cubic meters of water a year and it would be provided through wells, but it was planned to be provided from the Persian Gulf in the long-term.