21-Time Growth in Iran Petchem Output since 1979 Revolution

21-Time Growth in Iran Petchem Output since 1979 Revolution
(Sunday, February 4, 2018) 12:09

TEHRAN (NIPNA) -- The production capacity of Iran's petrochemical facilities has grown at least 21 times since the victory of the Islamic Revolution back in 1979.

In 1979, Iran could supply only 3 million tons of petrochemicals annually while production capacity stands at 64 mt/y currently.

The industry has made such great progress under hard times and sanctions imposed by the revolution's enemies over the years since 1979.

Despite the various challenges in its development, Iran's petrochemical industry continues to accelerate its development, and given the fact that Iran enjoys the right infrastructure, this industry can become one of the most promising industries in the country.

The production capacity of various petrochemical products in the year 1979 was about 3 million tons, while it reached 64 million tons in the current Iranian calendar year which began on March 21.

The number of active petrochemical plants has reached 57 from only 3 in 1979 with a number of new ones bracing for inauguration in the remaining months of 2018.

In the revolution year, Iranian petrochemical plants could supply only 17 types of petrochemicals while the number has exceeded 114 types of petrochemical products.

Besides the current installed capacity of petrochemical complexes, i.e. 64 million tons per year, the country has devised 58 projects which will add over 58 mt/y to its annual production capacity.

Obviously, given the circumstances that have arisen after the launch and opening of new windows to this industry, there is a likelihood of a change in the number and type of plans based on international interactions and negotiations. In the meantime, the petrochemical industry approaches to the development of the value chain by utilizing the technical knowledge and investment of international companies and relying on the capabilities of domestic companies with regard to available feedstock (natural gas). 

Email is required
Characters left: 500
Comment is required