Baku, Azerbaijan, Oct. 25
By Fatih Karimov – Trend:
Iranian petrochemical plants produced 4.3 million tons of petrochemical products during the sixth Iranian calendar month of Shahrivar (Aug. 22-Sept. 22).
The National Petrochemical Company (NPC) of Iran announced that output of 57 Iranian petrochemical complexes stood at 26.84 million tons during the first half of current Iranian fiscal year (March 20-Sept. 22).
The country’s nominal production capacity is planed to reach 70 million tons per year by March 2018.
According to a report, obtained by Trend, in total 19.718 million tons of petrochemical products, worth $10.302 billion were supplied to domestic and foreign markets during the six-month period.
The country exported 11.176 million tons of petrochemicals. Products worth $5.576 billion were exported to global markets in the first half of the current fiscal year, meanwhile about 8.66 million tons of petrochemicals, worth 170,406 billion rials were sold in domestic market.
Some 21 petrochemical complexes located in the port city of Mahshahr have produced more than 9.877 million ton of products (equal to 69 percent of nominal production capacity) while the 16 complexes located in Asalouyeh city produced over 11.403 million tons of petrochemical products during the 6-month period, which was 25 percent less than the production capacity of the complexes.
Iran plans to inaugurate seven petrochemical plants the current year and 23 more in the next year.
In total, 64 petrochemical projects are expected to become operational in Iran by 2021 to double the country’s nominal production capacity in the next five years.
Iran needs $20 billion worth of investment to reach the targeted plan and further $35 billion of investment is needed to increase the figure to 150 million tons per year by 2025.
