A delegation of Hyosung recently visited the production facility of Fajr Petrochemical Company (FPC) located in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province, Iran, according to a recent report by Shana (a news agency under Iran’s oil ministry) . The delegation's aim was reportedly to check investment environment of Iranian petrochemical industry.
The South Korean company’s delegation signed an MOU to build a petrochemical facility with FPC in Iran. FPC is producing and supplying side products and services such as electricity, steam, oxygen, nitrogen, Argon, compressed air, industrial waters, filtration of industrial sewage in sites 2 and 4 of the petrochemical economic special zone, northwest of the Persian Gulf.