Iran Eyes 133 mt/y Petchem Output by 2025

(Saturday, September 7, 2019) 18:21

TEHRAN (NIPNA) – Iran’s total petrochemical production capacity is planned to reach 133 million tons per year by 2025, a senior Iranian petrochemical official said.

“Iran’s current petrochemical production capacity stands at 66 mt/y which is planned to reach 133 mt/y by 2025,” said Behzad Mohammadi, the CEO of the National Petrochemical Company (NPC).

Speaking on Wednesday upon a visit to Arta Energy Petrochemical Plant in Ardebil, northwestern Iran, Mohammadi said that Iran’s petrochemical industry was a flourishing sector that was moving towards enhanced productivity.

“We have planned two production leaps in the industry; in the second leap of the industry, 27 plants would bring the country’s production capacity to nearly 100 mt/y by 2021,” he said.

Mohammadi, who is also the deputy petroleum ministry for petrochemical affairs, further said that the revenues of selling petrochemicals was currently 17 billion dollars annually, which would reach $24b by 2021 and $37b by 2025 (the third leap in the industry).

By 2025, 53 petrochemical projects are planned to come on stream in Iran, the official added.

He said that 350 different types of petrochemicals were being produced in Iran, adding that Arta Energy was a valuable project in the northwestern province of Ardebil.

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