Iran Expects PEIISEZ to Supply 15 mt/y in Phase I

(Monday, June 10, 2019) 16:31

TEHRAN (NIPNA) -- Iran is planning to build 14 petrochemical projects in Phase I of Parsian Energy Intensive Industrial Special Economic Zone (PEIISEZ), which will add 15 million tons to the country’s annual production capacity.

The CEO of National Petrochemical Company (NPC) said on Monday that 14 petrochemical projects in the first phase of PEIISEZ were expected to increase Iran’s annual petrochemical production capacity by 15 million tons with $19 billion of investment.

Behzad Mohammadi said that implementation of the projects would create a new movement in the southern province of Hormuzgan.

Of 55 petrochemical plants operating across the country, 30 are operating in Assaluyeh, Kangan and Dayyer, adding 17 projects were also under construction and dozens of others were being pitched for financing.

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National Petrochemical Company