Preparations Under way for Third Petchem Leap: Zangeneh

(Saturday, June 27, 2020) 18:09

TEHRAN (NIPNA) – Iranian Minister of Petroleum Bijan Zangeneh said plans were under way to realization of the third petrochemical leap in the country following the second leap which has just been initiated.

Addressing a ceremony to open Miandoab Petrochemical Plant in the presence of Iranian President Hassan Rouhani on Thursday, Mr. Zangeneh said the second leap in the Iranian petrochemical industry would reach fruition by the end of the next Iranian calendar year to March 2022 which would bring the country’s petrochemical production capacity to over 100 million tons per year from currently 66 mt/y.

“With the implementation of the second leap projects of the petrochemical industry, the production capacity of this industry will be three digits,” he said.

The official further added that 17 petrochemical projects were to be launched by the end of the current calendar year, which began on March 20, adding Miandoab Petrochemical is the first of these 17 projects.

The Minister of Petroleum added: "Iran’s petrochemical revenue will increase from $12 billion in 2013 to $25 billion by 2022 and $37b by 2026.”

Regarding West Ethylene Pipeline, he stated the pipeline project, with a length of 1,660 km, was approved in 2002. This line has started from Assaluyeh, southern Iran, and Miandoab Petrochemical Complex is the farthest unit of this line in northwest of the country.

Regarding the advantages of West Ethylene Pipeline, Zangeneh said: "This line has the capacity to transfer 2.5 million tons of ethylene per year to underdeveloped areas of the country and is the longest ethylene transmission pipeline in the world."

Regarding the second petrochemical leap in Iran, he said: "These 17 projects have been pursued with high physical progress and will be exploited this year; these projects will be used as prelude to realization of the third petrochemical leap in the country.”

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