Iran to boost petchem output by 49 mln tons
Tehran, Iran, August 27
By Mehdi Sepahvand - Trend:
Iran will increase its petrochemical output to 49 million tonsbefore the end of the current Iranian fiscal year (March 20), according to Ahmad Zarei, director of projects at the National Iranian Petrochemical Company.
The increase will come with the inauguration of Kavian-2 and Morvarid petrochemical factories, he said, Fars news agency reported August 27.
For the next Iranian year, he added, Kaveh Methanol, as well as Bushehr and Marjan petrochemical units will come on stream.
Iran has increased the petrochemical production capacity by 55 million tons per year in August of 2013, when President Hassan Rouhani took office, to 65.4 million tons a year in August 2016.
The petrochemical export volume also increased from 12.8 million tons in the first 12 months of Rouhani's presidency to 18.8 million tons in a 12-month period to August 2016.