Behzad
Moahmmadi, announcing that for the first time polypropylene production from natural
gas was being carried out by Iranian technical savvy, adding: “From January 2020
to the end of the next [calendar] year (which ends on March 20 2021), a petrochemical
complex will be launched every month.”
He further said
that 56 petrochemical plants were operating currently in the country which
supplied 54 mt/y of petrochemicals annually.
“This figure
will reach 100 mt/y by 2021 and over 133 mt/y by 2025,” he said.
“The total
investment volume in the sector will jump from $53 billion currently to $70
billion in the year 2021 and $90b by 2025,” he added.
Elsewhere in a
meeting with the visiting Iranian President, Hassan Rouhani, on Monday,
Mohammadi said National Petrochemical Company to eradicate deprivation and
create jobs in West Islamabad, had planned to construct a polypropylene from natural
gas (GTPP) plant which would consist of a methanol unit with a capacity of 660,000
tons/year, a PVM unit with 120,000 tons/year of production capacity and a
polypropylene unit with 120,000 t/y of production capacity with the
participation of the private sector.
He further said
that the technical savvy for developing the plant was mastered domestically for
the first time in the country.