Managing Director of NPC Claims the Iran Petchem Output Capacity to Hit 72mt/y: National Petrochemical Company (NPC) managing director says Iran’s total petrochemical production capacity will reach 72 million tons per year this calendar year which began on March 21.
She said the realization of Joint Comprehensive Plan of Action (JCPOA) achievements will be manifest in this year, adding the petrochemical output of the country is expected to rise by 18% year-on-year in this year crossing 59 mt/y.
Marziyeh Shahdaei, who is also deputy petroleum minister in petrochemical affairs, estimated that a total of 23 million tons of petrochemical will be exported during the year as well, fetching the country some $11b in revenues.
Iran launched a major petrochemical project in its western province of Kurdistan on the first working day of the new calendar year in a ceremony attended by Iranian President Hassan Rouhani and Minister of Petroleum Bijan Zangeneh.
The western province of Kurdistan saw inauguration of a major petrochemical plant, the biggest industrial projects in the province’s history, on Saturday.The plant, whose production began in 2005, is built for production of 300,000 tons of light-density polyethylene in a push to complete the petrochemical value-chain in the region.
The facility is financed by €257m and IRR3,800 and is touted as one of the key petrochemical projects in western Iran that was developed in line with Economic Resilience instructed by Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei in order to generate jobs and produce value-added items in western, less developed provinces of the country.
