September 08, 2019 15:46
News ID: 7416

(Persia Digest) – The Managing Director of Iran’s National Petrochemical Company (NPC) is planning to increase its production by 50 percent within the next two years.

Behzad Mohammadi said: “Currently, 56 petrochemical centers are active in Iran with an output of 66MM tons annually. Part of this is used as feed in the industry and the remaining 31MM tons is marketed as the final product.”

He added: “Of the 31MM tons, 22.5MM tons are exported.”

Read more:

Tabriz petrochemical exports to 36 European countries

Petrochemical exports not affected by US withdrawal

German company to work with Tabriz refinery

Mohammadi continued: “We earn USD 17BN from the total sale of petrochemical products at home and abroad (USD 12BN at home and USD 5BN abroad), placing this industry at the top of the list for Iran’ non-oil exports.”

He said: “We will increase our capacity from 66MM tons to 100MM tons by 2021. This will take our earnings from USD 17BN to USD 25BN.”

Read more:

Iran exports to the EU rise despite US threats

Iran's trade balance becomes positive

Turkish company investment in Izeh Petrochemicals

Mohammadi said that 27 new projects will become operational within the next two years to reach this target, adding: “Four projects will be unveiled in the second six months of the current Iranian year (1398 HS) the largest of which is the Kaveh Petrochemicals. This is the largest methanol factory in the world and will start work within the next three months. Sixteen other projects will also be implemented in 2020, and seven more in 2021.”

Click here for more economic news.

Follow us on Twitter

* captcha:
* Comment: