Iran’s petrochemical products export reached US $7.6 billion

Business Materials 31 January 2011 15:07 (UTC +04:00)

Azerbaijan, Baku, Jan. 31 / Trend, A.Yusifzade /

The Petrochemical Commercial Company (PCC) a subsidiary of the National Petrochemical Company (NPC) reported of exporting petrochemical products worth US $7.6 billion during the first ten months of the current Iranian calendar year (started March 21 2010).

Liquefied gases (propane and butane) ranked the first in terms of weight with 1.940 million tons.

Methanol and heavy cuts were the second and third main items in terms of weight with 1.6728 million tons and 1.644 million tons respectively.

The company has exported 11.8 million tons of different petrochemical exports in the form of 3.338 shipments to different countries from Far East to Europe.

Earlier, the managing director of the Petrochemical Commercial Company (PCC), Reza Hamzelou, said the company's exports to China and Western Europe has increased by 9 and 10 percent respectively during the past eight years.

During the last eight years, the company's exports to China, in terms of weight, had risen to 22 percent from 14 percent and to Western Europe to 14 percent from 4 percent, Hamzelou added.

The PCC official noted that while total petrochemical products' exports stood at 4.823 million tons in the Iranian year of 1380 (started March 21 2001) the figure climbed to 11.595 million tons in 1388 (started March 21 2009).
'In 2001, in addition to China and Western Europe the company exported 7 percent of its products to South East Asia, 19 percent to Far East, 22 percent to the Middle East, 13 percent to Indian Subcontinent and two percent to the other countries of the world.

Products marketed by PCC are classified into 4 major categories: Chemicals, Polymers, Fertilizers, Feedstock and Liquefied Gases.

Petrochemical Commercial Co. (PCC), established in 1990, is one of the largest business corporations in the Middle-East involved in marketing and sales of petrochemical products in the international markets as well as supplying Iran's petrochemical downstream industries.