Three petrochemical complexes on verge of inauguration in Iran
Baku, Azerbaijan, Oct. 25
By Fatih Karimov - Trend:
Three petrochemical complexes are on the verge of inauguration in Iran.
Ali Mohammad Bassaqzadeh, a director of the National Petrochemical Company of Iran, explained the latest condition of Lorestan, Kordestan, and Mahabad petrochemical complexes, saying that the polymer production unit of Mahabad petrochemical complex will come on stream by the next two months.
Kordestan petrochemical complex is in the trial operation, he said, adding that the complex will be inaugurated by the end of the current Iranian fiscal year (March 2016), Shana news agency reported on October 25.
Meanwhile, butane and polymer production units of Lorestan petrochemical complex are operational and are planning to export their products, he explained.
Since the beginning of the current Iranian fiscal year (March 21), Iranian petrochemical companies produced 23.7 million tons of products.
Iran's petrochemical output hit 44.4 million tons in the past Iranian fiscal year (ended on March 20), 10 percent more year-on-year.
The country's actual production capacity is around 60 million tons, but the shortage of natural gas as feedstock, old production units, and the problem of sanctions, which has dropped exports, have caused petrochemical complexes to work at lower capacities.