4th International Conference and Exhibition on Masterbatch and Polymer Compounds, Ahmad Mahdavi said by 2022, consumption of compounds would
reach 200 million tons per year in the worlds requiring domestic producers of the
item to devise plans to enter the market strongly.
Masterbatch (MB) is a solid
or liquid additive for plastic used for coloring plastics (color masterbatch)
or imparting other properties to plastics (additive masterbatch).
He also called on petrochemical
industrialists in the country to close ranks to reach the goals of the sector,
adding cooperation of the players in the industry could ensure development of downstream
industries inside the country.
He said in 2014 and 2015,
over 300 million tons of plastic items were consumed globally while only 35 mt
of compounds were consumed but the amount would reach 200 mt by 2022.
vast hydrocarbon reserves in Iran, petrochemicals consumed only 5 to 6 percent
of the country’s total oil and gas output which could increase a lot by timely
planning and cooperation of the sector’s players.
was held on Sunday in Tehran.