(presstv) -- Iran is set to officially inaugurate three important petrochemical industry projects in the country?s Mahshahr Petrochemical Special Economic Zone.
The projects include the polyvinyl chloride (PVC) production line at Arvand Petrochemical Complex, the oxygen and nitrogen production line at Maroon Petrochemical Plant and the second liquids loading pier at Mahshahr Petrochemical Special Economic Zone.
All three enterprises are due to be inaugurated in the presence of senior Iranian officials on Monday, May 21. Arvand, the fourth petrochemical complex to produce PVC in Iran, will increase the country's annual production capacity by 340 thousand tons.
The output will fully satisfy Iran's domestic demands and even turn the country into a PVC exporter. It is estimated that the Islamic Republic will hold 25 to 30 percent of the global market following the export of the product.