The project seeks to develop the value chain of methane as in the first phase. Annual production capacity will be 200,000 tons of monoethylene glycol (MEG) and 25,000 tons of ethylene glycol (EG), ISNA reported.
MEG is an important raw material with industrial applications. A primary use of MEG is in the manufacture of polyester (PET) resins, films and fibers. It is also used in the production of antifreeze, coolants, aircraft anti-icer and solvents.
EG is an organic compound, mainly used as raw material in the manufacture of polyester fibers and antifreeze formulations, according to Financial Tribune.
The first phase of the complex is built on a 40,000-hectare land and is estimated to be launched by 2022 and cost $500 million. When operational, it will consume 550,000 cubic meters of gas per day.
Water needed for cooling of the units will be supplied from Dez and Karkheh rivers. The plant will receive 27 cubic meters of water per hour.
It will be built with aid from the Chinese Wuhan Petrochemical Engineering Design Company. The firm struck a deal two years ago with Masjid Soleyman Petrochemical Industries Co. for the construction of a $3.6 billion fertilizer complex in southwestern Khuzestan Province.