The local Qaed Bassir Petrochemicals Companyis pressing ahead with the construction of a $41 million petrochemicals plant in the city of Golpaygan, in the central province of Isfahan. The bulk of the project finance for the project is being provided by Germany's ICT, a subsidiary of Iran's Petrochemical Commercial Company. The remainder will come from the government as an international credit line.
The contractor on the scheme is the local Technicon. The company moved on site in early September and will be responsible for the civil works, including the laying of underground piping. According to Qaed Bassir, the mechanical works, entailing the construction of storage tanks, will run parallel to the civil works. The project is set to be completed by the end of 2002.
The 35,000 tonne-a-year plant will produce styrol-acrylnitril-copolymer and acrylbutadien-styrol-copolymer for export. Licensing for the two units is being provided by South Korea's Kumho. Taiwan's CTCIhas been subcontracted to provide the petrochemical equipment, while local and European companies will supply utility equipment, such as boilers and pipes.
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