A Chinese firm has announced readiness to invest $5 billion in petrochemical projects at Mahshahr Special Economic Zone, southwest of Iran http://www.mehrnews.com/en/newsdetail.aspx?NewsID=1321016

A Chinese firm has announced readiness to invest $5 billion in petrochemical projects at Mahshahr Special Economic Zone, southwest of Iran.Some representatives from the company will visit Mahshahr next week.The repot didn’t mention the Chinese company’s name.

The Asian company has also started negotiations with National Petrochemical Company of Iran for construction of a giant methanol producing unit in Pars Special Energy Zone.Iran’s 20-Year Outlook Plan envisions the petrochemical output to reach 100 million tons by 2015 which is the end of the fifth five-year development plan.By then, 61 petrochemical projects will come on stream at the cost of $43 billion.