Iran hopes for 500,000-ton annual propylene output

Business Materials 11 May 2016 14:30 (UTC +04:00)

Tehran, Iran, May 11

By Mehdi Sepahvand - Trend:

Germany's Lurgi AG company is going to help Iran launch a methanol-to-propylene factory with an annual output of 500,000 tons, said Iran's Deputy Oil Minister for Petrochemicals Marzieh Shahdaii.

She said the factory had initially been designed for a 120,000-ton annual output, but as Iran has just been freed from sanctions, the factory's capacity will be expanded with the cooperation of the German company, SHANA news agency reported May 11.

Last year, when sanctions were still in place, Iran signed a confidentiality agreement with China to import the technology for producing propylene from methanol, Mohammad-Hossein Peivandi, deputy director of the National Iranian Petrochemical Industries Company said then.

Iran's methanol output stands at 5 million tons per year.

Iran has revised its petrochemical industry roadmap in order to hold off some methanol and urea producing projects, where while initially methanol output was planned to reach 25 million tons by 2025, it has been now set to reach 16 million per year by then in the new version of the roadmap.