Iran to increase its petrochemical capacity to 90 million tons

Oil&Gas Materials 5 March 2019 10:46 (UTC +04:00)

Tehran, Iran, March 5


Iran's Deputy Oil Minister and CEO of the National Iranian Petrochemical Company, said that by exploiting the units under construction, the country's petrochemical capacity will reach 90 million tons by the end of the current government's term (2017-2021).

“Currently, there are 54 petrochemical complexes in the country and their production capacity is estimated at 55 million tons,” Behzad Mohammadi said, Trend reports citing IRNA.

CEO of the National Iranian Petrochemical Company said that 22 million tons of petrochemical products will be exported annually, with a value of $12 billion.

“Some 41 petrochemical projects are currently conducted with 50 percent physical development and 6 petrochemical complexes are under construction in different parts of the country,” he said.

He said that the Gachsaran Petrochemical Complex had about 60 percent of physical progress.

Mohammadi expressed hope that the Gachsaran Petrochemical Complex construction will get boosted in the next Iranian year (Start on March 21, 2019).

“Gachsaran petrochemical complex will produce and supply 1.5 million tons of ethylene annually to domestic and foreign consumption markets. The plan is due to be launched in 2020,” he said.

The construction of Gachsaran petrochemical plant began more than 10 years ago on an area of ​​157 hectares.

By exploiting this industrial project, more than 2,000 jobs will be created.

Gachsaran is located in the southwest of Kohkiluyeh and Boyer-Ahmad Province.