The project will construct a chemical manufacturing plant and produce for sale in Iraq important industrial chemicals for which there is currently no domestic manufacturer. The product range will comprise:-
Monoethanolamine (MEA) - capacity 1000 ton/ year, Diethanolamine (DEA) - capacity 357 ton/ year, Triethanolamine (TEA) - capacity 71.4 ton/ year. The project requires peak funding of $1.9m with approximately half that sum required for the first two years. Manufacture and sale of products will commence in the third year of the project generating annual profits of $799k, $799k and $1.1m in each of the succeeding three years. The project has excellent opportunities to continue to build on profitability and success beyond the initial five-year period. The product range is a key to the manufacture of a broad range, not only of industrial materials, but also consumer goods (cosmetics, photographic materials, soft drinks, etc). In both areas, demands for MEA, DEA and TEA will closely follow the coming economic recovery and regeneration of Iraq.
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