Iran to Invest $6.3 Billion in Methanol-to-Olefins Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--Despite economic sanctions imposed by the U.S., Iran's petrochemical sector continues to grow, with many projects planned to produce olefins and their derivatives, fertilizers and methanol.

Traditionally, Iran has produced olefins using natural gases like ethane and propane, but its industry is shifting to methanol to produce olefins. Iran plans to build 10 methanol-to-olefins plants, with a total investment value of $6.3 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of related project reports.

The methanol would be processed to produce 5.76 billion pounds per year of ethylene and 9.42 billion pounds per year of propylene. These projects are in the planning phase and will move on with certain approvals, and expectations are to be operational by 2026.

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