In a new development, a chemical factory is going to be established in Gwadar Free Zone North (Phase II). 

According to Gwadar Port Authority (GPA) official, an Islamabad based firm named Acrez Mark Private Limited plans to establish a chemical factory in Gwadar Free Zone. 

"The firm has expressed its plan to construct a Phthalic Anhydride production plant in Gwadar Free Zone. The Industry would stretch to 218 acres," GPA official told Gwadar Pro. 

"The total project cost is a whopping $83 million. With a total production capacity of 40,000 tons per year. Acrez plans to export 4,300 containers abroad," he added. 

To materialize the project, he said, the company requires three megawatts electricity. Future expansion plans include the production of plasticizers.