The $225-million Mehr petrochemical project of Iran, which had been off course due to the nuclear dispute between the United States and Iran, will be starting again by the end of 2008.
Siam Cement, Thailand's largest industrial corporation, holds a 38 percent stake in the $225-million Mehr petrochemical project in Iran. In this project the Siam Cement is intending to produce high-density polyethylene (HDPE), with a capacity of 300,000 tons per year.
Other shareholders in the venture are National Petrochemical Co of Iran with 40 percent, Itochu Corporation of Japan (12 percent) and Thailand's PTT Chemical Plc (10 percent).
marketing@alchempro.com
