Economic feasibility study of value chain of petrochemical: methanol-to-olefins and polyolefins units in a 10-year perspective of the country

Due to its huge oil and gas reserves and access to open waters, Iran has considered the development of petrochemical products, including methanol, in the last decade; In such a way that the nominal production capacity of methanol in the country is about 9 million tons per year; According to investment plans in this industry until 1408, this number will arrive to 26 million tons yearly. due to the attractive economic market of these products inside and outside of Iran, almost no significant investment has been considered to increase this capacity. High production capacity of methanol in the country and the development of domestic markets for products with propylene and ethylene base materials, provided new opportunities to create units for the conversion of methanol to olefins (propylene and ethylene) in the country. Therefore, in this paper, using the method of economic feasibility, we will examine the establishment of these units in the country. The results of the feasibility study of these units, show that they are profitable for the country in the ten-year perspective. It is one of the most important opportunities to exit the sale of raw materials in the methanol sector of the country. JEL Classification: L72 Keywords: methanol, methanol-to-olefins, Economic Feasibility, Value Chain of Petrochemical Industry