Iran’s Kurdistan Petrochemical Plant will be able to produce 300,000 tons a year of light polyethylene after becoming operational, Iranian news agency, SHANA, reported, citing Managing Director of the Kurdistan Petrochemical Complex, Fereydoun Khaledzadeh.

The petrochemical complex, which is being constructed at a total cost of $356m, has shown a physical progress of 98% and is expected to be completed in the next two months, according to Iran Daily. Managing Director of National Petrochemical Company (NPC), Marzieh Shahdaei, has said the plant is one of the highly-prioritized petrochemical projects in Iran which should come on-stream in 2016.

The plant is one of the numerous petrochemical plants constructed along West Ethylene Pipeline. Initiated in 2002, the pipeline is to carry ethylene from Assaluyeh, south of Iran, to the western provinces of Khuzestan, Lorestan, Chaharmahal-Bakhtiari, Kohguiluyeh-Boyer Ahmad, Kermanshah, Kurdistan, and West Azerbaijan.

Earlier in June, Shahdaei said that talks were underway with heads of petrochemical holding, searching for the way to integrate Iranian petrochemical exports that would allow companies to perform better in the domestic and foreign markets.