A European bank will invest in building a gas-to-propylene (GTP) plant in Iran, which is estimated to cost €90 mln, Iranian Deputy Oil Minister in Petrochemicals Abbas She’ri Moqaddam has been quoted in Tehran Times Economic Desk. The GTP plant is projected to have 120,000 tons of output and will be established in a joint venture with the National Iranian Petrochemical Company. No details about the bank were revealed.
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