Report: Ibn Sina Petrochemical Plant Inaugurated

Date: 19 August 2023 - 21:54

News ID: ۱۱۸۴۴۱

HAMEDAN – The inauguration ceremony of the ‘Ibn Sina’, a major petrochemical plant in western Iran, has been held in the presence of Minister of Industry, Mine, and Trade Abbas Ali Abadi in Hamedan.
The project has put on the agenda producing ethylene oxide and 300,000 metric tons per year production in the downstream chain, the IRNA reported on Saturday.
As much as 291 million euros have been invested in this project, 80% of which is a loan from the domestic foreign exchange resources of the National Development Fund and 20% is the stockholders’ share.
As much as 225 million euros worth of facilities are expected for the Ibn Sina Petrochemical plant and will be put into operation within four years.
This project will be built in an area covering 100 hectares.
Ibn Sina Petrochemical plant is a special economic zone of Jahanabad in Famenin, Hamedan provinces.
The project will provide jobs for 2,000-2,500 people.
The final product of this project is 11,000 mt per year (MGE) of monoethylene glycol, 101,000 mt per year (ETX) of various ethoxylates, 56,000 mt per year (GE) of glycol ether and 32,000 mt per year (MDEA) and methyl di Ethanolamine (EA) ethanolamine.