Adel Nejad
Salim said the process has improved the value of the products supplied by its
subsidiaries.
The holding
produced 19.6 million metric tons of petrochemicals in the previous Iranian
calendar year that ended on March 20 up by at least 4 mt/y from 2013, the year Iranian
President Hassan Rouhani took office, he said.
The increase
has added a total of $2b to the company's annual revenues, he added.
The official
added that PGPIC subsidiaries yield an average of 87% of their nameplate
capacity as debottlenecking measures have been taken in them over the course of
the past 4 years in order to improve their efficiency.
Nejad Salim
further predicted that PGPIC output will reach 30 mt/y by the end of the next
calendar year to March 2019.
Moreover,
production of the holding is planned to cross 45 mt/y by 2023, he added.
Debottlenecking is the process of identifying
specific areas and/or equipment in oil and gas facilities that limit the
flow of product (otherwise known as bottlenecks) and optimizing them so
that overall capacity in the plant can be increased.