BAKU, Azerbaijan, Mar. 15
By Elnur Baghishov – Trend:
As many as 5 petrochemical facilities will be put into operation in Iran during the first 3 months of the next Iranian year (from March 21 through June 21, 2021), the Head of the Planning Department of the National Petrochemical Company (NPC), Amir Vakilzadeh said, Trend reports citing the company’s website.
Vakilzadeh noted that the facilities will be put into operation under the second plan. These facilities are Sabalan Petrochemical facility, Masjed Soleyman Petrochemical Industries Company's 1st plant, Sepehr Parsian Petrochemical Company's facility, Arta Energy Company's 1st plant, and Bouali Sina Petrochemical Company's 1st phase.
The official added that the National Petrochemical Company prioritizes preventing the sales of products as raw materials, sorting and increasing the value of petrochemical products.
Reportedly, Iran is implementing two plans to increase the production of petrochemical products. According to the first plan, Iran's petrochemical production will increase from 66 million tons to 100 million tons per year, and the revenues from $15 billion to $25 billion until March 20, 2022.
According to the second plan, Iran's petrochemical production will reach 133 million tons per year and the revenues will reach $37 billion by March 20, 2026.
Iran produced 31 million tons of petrochemicals last Iranian year (March 21, 2019 - March 20, 2020). Of these, 8 million tons were sold within the country, and 23 million tons of products were exported. The total sale value was $15 billion.
In general, 12 petrochemical plants and facilities have been put into operation in Iran since the beginning of the current Iranian year (March 20, 2020).