Iran launches oil, gas pipe insulator factory
Tehran, Iran, August 8
By Mehdi Sepahvand -- Trend:
Iran has launched an oil and gas pipe insulator factory which is said to be the largest of its kind in the Middle East.
The domestic production of the polymer product is expected to save Iran $50 million a year, IRNA news agency reported August 8.
Iran is the first country to domestically acquire the technology to produce the thermal contraction sheath used for insulating pipes.
It is estimated that by exporting the product, Iran can make $100 million annually.
Iran has been importing pipe insulators from the United States and Canada so far.
The cost of production is 30 lower than the cost for importing the product from the Americas.
The factory is going to have an annual output of 25,000 metric tons. Some 15,000 of that will be consumed domestically while the remaining 10,000 metric tons of the product will be exported.