BAKU, Azerbaijan, May 1. Iran's Bandar Imam Petrochemical Company’s total sales is expected to double in the next 5 years, Executive Director of the company, Sepehdar Ansarinik said, Trend reports citing Shana News Agency.
“Currently, the annual sales of Bandar Imam Petrochemical Company is an average of $1.2 billion. The figure is expected to reach $2.5 billion over the next 5 years,” he said.
Ansarinik added that the company production is currently an average of 6.5 million tons per year. This figure is planned to increase to 9.5 million tons in the next 5 years.
The director noted that the company plans to attract $2.7 billion worth of local and foreign investments for its plants over the next 5-10 years. In this context, discussions are being held with foreign investors to attract foreign investment worth $500 million. If the mentioned investments is made, the company’s annual sales could increase by 20-30 percent at the end of 10 years.
Iran's Bandar Imam Petrochemical Company is located on 270 hectares of land in the Fars Province (southern Iran). The company can produce 1 million tons of ethane, 1.96 million tons of propane, 1.57 million tons of butane, 1.41 million tons of pentane plus, 30,000 tons of Raffinate C4 per year.
The company can also produce 411,000 tons of ethylene, 118,000 tons of polypropylene chemical grade, 64,000 tons of polypropylene polymer grade, 26,000 tons of butadiene, 180,000 tons of vinyl chloride, 440,000 tons of ethylene dichloride, 63,300 tons of hydrochloric acid, 6,600 tons of bleach, 150,000 tons of heavy polyethylene, 100,000 tons of light polyethylene, 4,000 tons of artificial rubber per year.
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