“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.