Iran’s Jam Petrochemical Complex to inaugurate butane production unit
Azerbaijan, Baku, Apr. 9 /Trend F.Milad/
Butane production unit of Jam Petrochemical Complex, south of Iran, is ready to come on stream, the complex's managing director Mostafa Mortazavi told Shana news agency.
"The unit has been established at the cost of $117.5 million," Mortazavi said, adding that it has the capacity to produce 115,000 tons of butane per year.
The unit's output will meet domestic needs and will also export a portion of the output.
Products of the units are estimated to worth $180 million annually.
Jam Petrochemical Complex is the largest ethylene production complex in the world and its products include ethylene, propylene, polyethylene, olefin, furnace oil and gasoline.
Iran exported some $14 billion worth of petrochemical products to 60 countries in the past calendar year, which ended on March 19, said the National Petrochemical Company's (NPC) managing director Abdolhossein Bayat.
Bayat added that $10.5 billion of oil incomes will be allocated to the development of petrochemical industries, Pana news agency reported.
Iran has developed 69 plans to boost its petrochemical output from this year's 54 million tons to 100 million tons in 2015.
The NPC production manager, Mohammad-Ali Bassaqzadeh, said that 30 kinds of petrochemical products have been exported to Asian, European, and African countries in the past 11 months.
Bassaqzadeh said that the figure shows a 75 percent increase compared with the same period last year.
He expressed hope that Iran's petrochemical exports would hit the planned target of 14 billion dollars by March 19, the last day of the Iranian calendar year.
Western Europe and China are the main recipients of Iran's petrochemical exports, followed by Southeast Asia, the Middle East, the Subcontinent, Africa and Latin America.