News ID: 272561
Published: 1023 GMT August 06, 2020

President opens world’s biggest methanol plant in SE Iran

President opens world’s biggest methanol plant in SE Iran

President Hassan Rouhani of Iran on Thursday inaugurated the world’s largest methanol producing plant in the country’s southern province of Bushehr through a ceremony held via videoconference.

President Rouhani simultaneously ordered the opening of two energy projects in Bushehr and one in the western province of Lorestan during the virtual ceremony.

The two projects in Bushehr, completed with an investment of $1.57 billion by the private sector, include Kaveh plant, known as the biggest methanol producing facility in the world, and Kimia Pars petrochemical factory, while the project in Lorestan province is a catalyst producing plant.

The Bushehr’s projects can annually produce about four million tons of methanol.

The Kaveh plant is located in a 220-hectare area near the North Pars gas field in western coasts of provincial city of Dayer.  

It has the capacity to produce 7,000 tons of methanol every day.

The three projects in Bushehr and Lorestan provide direct employment for 2,110 people.

In his remarks at the inaugural ceremony, President Rouhani said his administration has devised plans to reduce the export of crude oil and natural gas, and intends to produce more petrochemical products instead.

He added that it is really pleasing that Iran has been able to open three economically-important projects that will help the country’s non-oil revenue, self-sufficiency, and employment.


Tasnim and IRNA contributed to this story.

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