Iran Inaugurates World's Largest Olefin Complex

BANGALORE, INDIA--June 25, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Iran's 10th Olefin Project, also known as the Jam Petrochemical Complex, the largest olefin complex in the world, was inaugurated on June 17 at the Pars Special Economic Energy Zone in the Assaluyeh region of southern Iran. With a final production capacity of 1.32 million tons per year of high-density polyethylene, low-density polyethylene and polypropylene, the plant will serve as a source of input-feed for units in the production of plastics, industrial parts and automobile parts. Technip (OTC:TKPPY) (Paris, France) is one of the main contractors involved in the project. Last year, Iran and Sasol (NYSE:SSL) (Johannesburg) jointly invested $1.3 billion in the Ariyasasol Olefin Complex to bring a 1-million-ton-year ethylene unit into operation.