Iranian President Hassan Rouhani officially inaugurated three petrochemical projects in Asaluyeh, southern Iran, Shana reported Tuesday.
Worth a total investment of $1.85 billion, the projects are the Marjan Petrochemical Plant, Phase III of the Pardis Petrochemical Plant and Phase I of the Damavand Petrochemical Plant, the news agency of the Iranian Oil Ministry said.
The plants will add 3.4 million tons to the country's annual petrochemical production capacity, it added.
According to Shana's report, construction of the third phase of the Pardis Petrochemical Complex began in 2011 for an annual production of 1,750,550 tons of urea and ammonium.
The $570 million complex will become the "largest producer of urea and ammonia in the Middle East and the world" with an annual production capacity of 5.265 million tons, and about 300 jobs will be created, Shana said.
The construction of the $914 million Marjan Petrochemical Plant also began in 2011, and has an annual production capacity of 1.65 million tons of methanol, according to the report.
Phase I of Damavand Project, on the other hand, has been developed to supply electricity and steam for 24 adjacent petrochemical plants, Shana said.
The $366 million plant has 648 megawatts of electricity production capacity and will be run by four gas turbines, it added.
The petrochemical industry is one of the major industries in Iran and plays a key role in the country's economy.
By Hale Turkes