Iran proposes intl. petrochemical association

Iran Materials 23 May 2011 10:43 (UTC +04:00)

Iran has offered a proposal for establishment of an international petrochemical association.

Addressing the 9th Iran Petrochemical Forum in Tehran on Saturday, the managing director of Iran's National Petrochemical Company, Abdolhossein Bayat, underlined the importance of such an association for adopting harmonious policies and drafting and exercising macro-scale plans.

The 9th Iran Petrochemical Forum kicked off in Tehran on Saturday. Some 112 representatives from 25 major petrochemical companies are attending the two-day event.

The foreign participants are from 43 countries such as Germany, France, Italy, India, Greece, Japan, South Africa, Saudi Arabia, Brazil, China, South Korea, Turkey, Switzerland, Britain, and Singapore.

Iran has expanded the range and volume of its petrochemical products significantly over the past few years, and the NIPC is the second largest producer and exporter of petrochemicals in the Middle East, Fars news agency reported.

Iran currently produces 25.8 percent of petrochemical products of the Middle East and 2.4 percent of the global output.

The country plans to produce 44 million tons of petrochemicals by the end of the current year.

The Iranian 20-Year Outlook Plan (to end in 2025) envisions the petrochemical output to reach 100 million tons by 2015.