Iran plans to invest US$100 million in a petrochemical plant in the northern Philippine province of Bataan. The petrochemical plant will produce 275,000 tpa of high density polyethelene (HDPE) for export to Iran and Southeast Asian countries. Capacity is planned to be increased to 400,000 tons in five years. Date of commencement and value of the project have not yet discussed.
24-Aug-06 
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