BAKU, Azerbaijan, Dec. 24
By Elnur Baghishov – Trend:
The annual production capacity of Iran’s petrochemical industry will increase to 77 million tons with the launch of petrochemical facilities in Iran today on Dec. 24, Deputy Oil Minister and Executive Director of Iran’s National Petrochemical Company, Behzad Mohammadi told journalists, Trend reports citing Shana news agency.
According to Mohammadi, in general, Iran's petrochemical production capacity will increase by 38 percent and reach 90 million tons in the current Iranian year (from March 20, 2020 to March 21, 2021), compared to last Iranian year with the launch of 17 facilities in the petrochemical sector in Iran.
The deputy minister added that the number of facilities launched in the current Iranian year reached to 9 with the facilities launched today.
“The desulfurization and olefin units of Ilam Petrochemical Company were launched. A total of 866 million euro was spent on the construction of this units. The units will produce 750,000 tons of products per year and will have a sales value of $439 million annually,” he said.
The director noted that potassium sulfate unit will be put into operation in Urmia Petrochemical Company. In total, $7 million was spent on the construction of the unit. The unit can produce 40,000 tons of products a year. The company's sales will be worth 4.65 trillion rials (about $110 million) annually.
Mohammadi stressed that the Hegmataneh petrochemical plant will be officially put into operation. This plant can produce 45,000 tons of PVC grade per year for production in the medical sector. About 38 million euro was spent on the construction of this plant. The plant's revenue will be $35 million a year.
Iran is implementing two plans to increase the production of petrochemical products. According to the first plan, Iran's petrochemical production will increase from 66 million tons to 100 million tons per year, and the revenues from $15 billion to $25 billion until March 20, 2022.
According to the second plan, Iran's petrochemical production will reach 133 million tons per year and the revenues will reach $37 billion by March 20, 2026.
Iran produced 31 million tons of petrochemicals last Iranian year (March 21, 2019 - March 20, 2020). Of these, 8 million tons were sold within the country, and 23 million tons of products were exported. The total sale value was $15 billion.
