This figure reflects 92% of the production target and 78% of
the sector's nominal capacity, which stands at around 96 million tons.
Baghbani highlighted that nine petrochemical plants exceeded
their nominal production capacities, marking a noteworthy accomplishment in the
industry. These plants include Mahabad, Miandoab, Polymers Kermanshah, and Lorestan,
which are part of the West Ethylene Pipeline project. Other plants such as Nouri,
Bou Ali Sina, Arya Sasol, Ghadir, and Takhte Jamshid Pars also managed to
produce beyond their nominal capacities.
He noted that the nominal capacity of the industry increased
by approximately 2 million tons last year, and with several new projects coming
online, the production capacity is expected to rise by an additional 9 million
tons this year.
Economic Impact and Projections
Baghbani also pointed out that the increase in production capacity will
likely contribute to an estimated $23.6 billion in revenue for the industry,
based on an exchange rate of 66,000 rials per dollar. The growth is driven by
the diverse product range of Iran’s petrochemical sector, which supports not
only the national economy but also key downstream industries.
In the current year, 17 new projects are expected to join
Iran's petrochemical sector, further diversifying the country’s product
offerings. This expansion will strengthen the industry's role as a critical
supplier to various industries across the region.
Focus on Sustainable Growth
As part of the “Investment for Production” initiative, the NPC’s production
control management has outlined several strategic goals for the year, including
increasing productivity, addressing production barriers, and ensuring the
stability of output. Key targets include optimizing feedstock management
between plants, enhancing technological processes, and fostering collaboration
among petrochemical holdings and companies to ensure sustainable production
growth.
Baghbani emphasized the growing importance of the
petrochemical industry in Iran's economy, as it continues to play a vital role
in supplying raw materials for numerous other sectors, particularly those in
downstream industries.