Iran to produce catalysts for petrochemical sector

Oil&Gas Materials 2 March 2020 14:58 (UTC +04:00)
Iran to produce catalysts for petrochemical sector

BAKU, Azerbaijan, March 2

By Elnur Baghishov - Trend:

Iran will produce nine catalysts worth about $100 million for the petrochemical sector by 2022 Iran (begins on March 21, 2022), said Ali Pajouhan, Managing Director of the Iranian Petrochemical Research and Technology Company. Trend reports citing NIPNA

According to Pajouhan, projects in this regard are being implemented.

Two projects for the production of catalysts will be commissioned by the end of this year (March 21, 2020), and the remaining projects are expected to be completed over the next two years, Pajouhan added.

Pajouhan said the main objectives of the project are to increase the production of polypropylene, polyethylene and PVM (Propylene via Methanol).

It is expected that the plan for the production of polymeric plants by 450-500 thousand tons per year will be developed. According to Pajouhan, the plan for the production of 500,000 tonnes of PVM will be implemented next Iranian year (begins on March 21, 2020).

Currently, Iran produces 66 million tons of petrochemical products a year. The production is expected to reach 100 million tons by 2022, with revenues growing from $17 billion to $25 billion.

By 2026, Iran's petrochemical sector is expected to produce 133 million tons of oil and receive $7 billion in revenue.