Plant Expects 25% Production Growth by March 2020

(Tuesday, May 7, 2019) 17:29

TEHRAN (NIPNA) -- Karoon Petrochemical Plants has planned for production enhancement in the current calendar year, which began on March 21 by, at least 25 percent.

The CEO of the company, Alireza Sediqzadeh, told NIPNA that last calendar year, production of the company grew by 15 percent compared to the preceding year and was expected to grow even more this year.

He said currently, half of the plant’s output was consumed domestically and the rest was exported to several European and Asian companies.

Sediqzadeh further said that the company was also planning to increase its output by 100 percent once it solves an issue with its feedstock shortage issue.

“We hope to launch a unit for production of carbon monoxide and hydrogen next year which would reduce our dependency for feedstock supply and maximize our productivity,” he added.

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