The first phase of a major petrochemical complex in the Iranian FTZ of Chabahar will be completed in 2018, Mokran Petrochemical Industrial Complex Masterplan CEO, Mohammad Reza Movasaghnia, said.
The first phase includes 6 plants, whereas the full project is comprised of 18 plants with an annual output of 23 million metric tons.
Movasaghnia stressed that the complex is situated in Chabahar, which is a free trade zone, which enables foreign investors to buy as many as 100% of any of the plant's shares.
He mentioned that the project is also exempt from income tax for 20 years, Trend reports.
The output of the complex will be urea, ammonia, methanol, various types of polyethylene, aromatics and melamine crystals.
