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Petkim Teams Up with NPC for Petchem Complex in Iran

8:01 AM MDT | April 27, 2009

Petkim (Izmir, Turkey) says it has signed an agreement with National Petrochemical Co. (NPC; Tehran) for a petrochemical and plastics joint venture in Iran. The jv will be a 50-50 partnership, Petkim said in a statement to the Turkish stock exchange earlier this month. The proposed plant would have capacity for 1.65 million m.t./year of methanol and 300,000 m.t./year of polyethylene. Further details were not disclosed. NPC announced recently that six methanol plants would be built in Iran during the next few years (CW, March 16/23, p...

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