Iran plans to increase propylene production
TEHRAN, Iran, Aug.7
Iran is expected to increase propylene production to 4 million tons by 2025, said deputy oil minister.
"Iran is currently produces 950,000 tons of propylene, and the production capacity is expected to increase, as there is a shortage of product in the country," said Behzad Mohammadi, Trend reports citing Mehr News Agency.
"The government's plan is to increase production capacity by launching three projects in Assalouyeh Proplyne Park with 470,000 tons production capacity, three production projects in Amirabad in north of the country on production of 120,000 tons of propylene, and two projects in Anzali Free Zone and Eslamabad-e Gharb County," the oil minister said.
"These initiatives will significantly develop petrochemical industry and its value in next four years," Mohammadi said.
"The country's petrochemical industry is expected to produce methanol for domestic consumption and export. It is also foreseen that investors in this field will receive tax reduction and incentives to improve production," he added.