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Iran recently launched a $1.
85 billion project that will produce 3.
4 million tons of methanol, urea and ammonia
per year.
The project includes a 1.
65 million mt/year methanol plant in Marjan and a 1.
75 million mt/year urea and ammonia plant at Pardis in the energy hub of Asaluye
.
The completion of the new project will increase Iran's petrochemical and polymer production capacity to 65.
55 million tons from the current approximately 62.
15 million tons
.