In order to MahTaab Group intention to build a new petrochemical facility, MahTaab Petrochemical Development Co. was stared its activities in May 2021 with the aim of producing propylene and downstream derivatives from the propane feedstock.

In September 2021, the company succeeded in obtaining the main agreement from the Ministry of Petroleum (MOP) for a PDH and its derivatives plant, and so on the long-term contract has been signed for receiving 180 ktpa propane feedstock from South Pars gas processing complexes with National Iranian Gas Company (NIGC) in May 2023.

The aim of this project is to design and construct a PDH+ plant with the allocated propane feedstock. The allocated plant area is 40 hectares.

The PDH+ plant will be located in Parsian Energy Intensive Industrial Special Economic Zone (PEISEZ). PEISEZ with an area of 9,800 hectares is located 15 km west of Parsian City in Hormozgan Province. The site is also located 20 km from the Persian Gulf International Airport (Assalouyeh) and 43 km from Pars Port. This region is one of the major development poles in the country, which allows for the establishment of various energy-intensive industries due to its economic, social, political, security, environmental and geographic stance.

According to the project schedule, the construction of the plant will be started in 2024 and after 36 months phase one will be ready for normal operation.