By OGJ editors
HOUSTON, Aug. 27 -- Iran has launched a new $215 million petrochemical complex in Sanandaj, in western Iran, reported the Iranian news agency Irna. The 300,000 tonne/year polyethylene complex will take more than 4 years to complete.
In addition, Oil Minister Bijan Namdar Zangeneh said that six petrochemical projects are being launched in western provinces.
Iran's petrochemical sector, expected to produce 15 million tonnes of petrochemicals this year, has attracted $12 billion in investment within the past 6 years. Iran is expected to produce 70 million tonnes of petrochemicals, valued at $20 billion, by 2010.