Speaking to
NIPNA, Rasoul Ashrafzadeh said IIPGC had assessed development of downstream projects
in the third petrochemical leap of the country.
Iran has
planned to realize the second and third leap in its petrochemical industry by
2025 which will bring the country’s annual petrochemical production capacity from
currently 66 million tons to 130 mt/y.
Ashrafzadeh said
that production by the end of this calendar year to March 20 would begin in the
40,000-ton potassium sulfate unit of Urmia plant, adding that the projects in
Ilam Olefin plant as well as Lordegan’s urea and ammonia facilities would come online
this calendar year.
He further
underlined IIPGC’s presence in the stock exchange, and added: "This year,
we have planned to quote Ilam and Urmia petrochemical plants in the stock
market after their launch.”
According to
the official, once IIPGC’s projects come on stream by 2022, over 2.4 million
tons of petrochemicals would be added to the country’s annual production
capacity.