Bandar Imam Petrochemical Company in Mahshahr, Khuzestan Province, plans to invest in oil and gas fields for procuring sustainable feed to increase its output and profit in the next five years, the managing director of BIPC said.
“A total of $2 billion of investment will be dedicated to the projects to raise the production by 3 million tons and the amount of income to $2.5 billion from the current $1.5 billion,” Sepahdar Ansarinik was also quoted as saying by the Naftema website.
The company is now producing 31 products, which will reach 40 items in five years.
“According to its plans for the next 10 years, we will make effort to complete value chain of olefin and aromatic products, and our special focus will be on products currently not produced in the country,” he added.