Speaking to NIPNA, Ali Mohammad Bossaqzadeh, director of production control at NPC, said inauguration of several petrochemical projects in the preceding year has increased Iran's petrochemical output which will in turn boost export of petrochemical items.
"Talks with customers from various countries are under way and export of petrochemicals will begin from newly-launched projects," he said.
The official said many European countries are keen on buying petrochemicals from Iranian suppliers, adding exports take place only after domestic markets are supplied with enough petrochemical products.
Iranian President Hassan Rouhani will inaugurate 4 petrochemical project in Iran next week which will add 2 million tons to the country's annual petrochemical output.
Takht Jamshid Pars, Phase II of Kavian, MEG unit of Morvarid and Entekhab polystyrene projects are the projects that will be launched during the president's visit to Pars Special Energy Economic Zone next week.
Once fully operational, the projects will add $2b to Iran's petrochemical and polymer revenues annually.
Phase II of Kavian Petrochemical Plant is the biggest supplier of ethylene in the Middle East and has been built for production of over a million tons of ethylene annually.
The unit will feed West Ethylene Pipeline which delivers feedstock to 12 petrochemical plants in western Iranian provinces.
Fed by ethane recovered from various phases of the supergiant South Pars Gas Field in the Persian Gulf, the facility is constructed with an investment of €200 million and IRR 2,350 billion. It is estimated to sell $950m/y of petrochemicals.
Financed by €40m and IRR 1,350b, Takht Jamshid Pars will be able to supply 55,000 tons/year of polystyrene once its production hits full tilt. It is estimated to sell $85 million of petrochemicals.
Polystyrene Unit of Entekhab Industrial Group is financed by nearly $120m and IRR 2,000b and can supply 250,000 of polystyrene annually. It is planned to be fed by 235,000 tons/year of styrene supplied by Pars Petrochemical Plant. The facility will fetch roughly $385m/y for the country by its activities.
MEG Unit of Morvarid Petrochemical Plant is the last project that will come on stream next week by the president.
Constructed with €170m and IRR 8,900b of investment, the unit will supply 540,000 tons of monoethylene glycol (MEG) and triethylene glycol (TEG) annually.