Baku, Azerbaijan, May 23
By Fatih Karimov - Trend: Iran's Tabriz Petrochemical Company will double output to 700,000 metric tons per year, said Alireza Sadri, the company's managing director.
Once the West Ethylene pipeline, which is projected to supply feedstock to Tabriz Petrochemical Company, comes on stream, the company will increase output to 700,000 metric tons per year, Iran's Shana news agency quoted Sadri as saying on May 23.
The pipeline, extending 154 kilometers from the city of Miandoab to Tabriz Petrochemical Company, will be built over the course of 24 months and at a cost of $70 million.
Tabriz Petrochemical Company is located southern west of Tabriz city next to the Tabriz refinery. The company produces raw polymers, polyethylene, polystyrene and A.B.S., in different grades.
Main feed and consumed raw materials are naphtha, L.P.G, acrylonitrile, A.M.S, mineral oil, P.B.R and other chemicals that are provided by Tabriz and Tehran refineries as well as national petrochemical affiliated companies in the south of Iran.
Iran plans to triple its petrochemical output by the next 10 years.
Mohammad Hossein Peivandi, deputy director of the National Iranian Petrochemical Company, said in March that the country's petrochemical output will be increased to 180 million metric tons if the required financial resources are provided.
The roadmap for the development of the petrochemical industry has envisaged as much as $35 billion investment, he said, adding that Iran's petrochemical sales have grown by 36 folds over the past 25 years.