The executive operations of Namin Petrochemical Complex in Namin County, Ardabil Province, is almost complete, but its launch will depend on meeting environmental standards, the director general of the provincial office of the Department of Environment said."The installation of filtration systems, treatment plants, online monitoring and sufficient green space are environmental protection conditions defined for the complex and we will not issue the license for its operation until it completes these measures,” Hassan Qasempour was also quoted as saying by IRNA.An undertaking of ARTA Industrial Group in the northwestern province, the plant will annually produce 132,000 tons of methanol and 283,000 tons of formaldehyde, alongside other petrochemical products.Methanol is a chemical composition that is available in light, volatile, colorless and flammable fluid form. In petrochemical industry, it is provided from the natural gas.It is used as antifreeze, solvent, fuel and as a denaturant for ethanol. The chemical is also used to produce biodiesel via transesterification reaction.Formaldehyde is a naturally occurring organic compound. It is a colorless, strong-smelling gas used in making building materials and many household products. It is used in pressed-wood products, such as particleboard, plywood and fiberboard; glues and adhesives; permanent-press fabrics; paper product coatings; and certain insulation materials.To increase methanol output, a number of projects are underway in Iran to help complete the value chain of the chemical.According to published reports, up until 2007, methanol was used only as a chemical. But completion of its value chain gained momentum after methanol-to-olefin and methanol-to-propylene projects were accelerated and increased profit margins. (ICE TEHERAN)

Fonte notizia: Financial Tribune