Iran to Triple Installed Petchem Capacity in a Decade
Iran plans to triple its installed capacity of petrochemicals in the next ten years, Iran’s National Petrochemical Company (NPC) Managing director Marziyeh Shahdaie announced in a press conference in Tehran on Wednesday (2 Nov 2016).
She also put the current nominal petrochemical output of the country at 64 million tons and the operating output at 46 million tons.
Explaining that the petrochemical industry is a sector requiring high technology and investment to be developed, the official noted, “To expand this industry we need acquiring foreign technology and also attracting foreign investment; therefore, our relations with other countries play significant role in promotion of … .”
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about National Petrochemical Company (NPC)
The National Petrochemical Company (NPC), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran. It is responsible for the development and operation of the country’s petrochemical sector. Founded in 1964, NPC began its activities by operating a small fertilizer plant. Today, NPC is the second largest producer and exporter of petrochemicals in the Middle East .Over these years, it has not only expanded the range and volume of its products, but it has also taken steps in areas such as Research and Technology to achieve more self-sufficiency.
