These initiatives are projected to add approximately 8 million metric
tons to the nation's annual petrochemical output, increasing the total capacity
to around 107 million tons. The expansion includes the introduction of three
new products, marking a significant step in diversifying Iran's petrochemical
portfolio.
In the previous fiscal year, Iran produced 75.2 million tons of
petrochemicals, with exports totaling 29.2 million tons valued at $13 billion. The
NPC anticipates that exports will rise to 34.8 million tons, generating $13.6
billion in revenue by March 2026.
To support this growth, Iran is focusing on securing sustainable
feedstock supplies. Efforts include the collection of associated gas from
oilfields, with projects like NGK 3200 contributing to the feedstock supply
chain.
The NPC is also emphasizing the completion of the petrochemical value
chain to reduce raw material exports and increase the production of
higher-value products. This strategy involves attracting both domestic and
foreign investments, with 27 preliminary agreements already issued for new
projects.
Iran's petrochemical industry currently accounts for approximately 28%
of the region's capacity and 2.8% of the global capacity. With these
developments, the country aims to strengthen its position in the international
petrochemical market.