She said 40 petrochemical facilities are currently operating at Pars Special Economic Energy Zone (Assalouyeh) and new projects have been defined for completion of the value-chain in the region.
"Iran is one of the few countries enjoying all petrochemical feedstock in abundance," she said, adding, "Most of the investments in Iran will be channeled to the petrochemical sector in the future."
Phase II of Kavian Petrochemical Plant is the biggest supplier of ethylene in the Middle East and has been built for production of over a million tons of ethylene annually. The unit will feed West Ethylene Pipeline which delivers feedstock to 12 petrochemical plants in western Iranian provinces.
Financed by €40m and IRR 1,350b, Takht Jamshid Pars will be able to supply 55,000 tons/year of polystyrene once its production hits full tilt. It is estimated to sell $85 million of petrochemicals.
MEG Unit of Morvarid Petrochemical Plant is the last project that will come on stream next week by the president.