Baku, Azerbaijan, Oct. 21
By Emil Ilgar – Trend:
Iran’s share of ethylene exports to the Middle East and to the world will reach 31.6 percent and 7 percent respectively by 2020, said Marzieh Shahdaei, managing director of National Iranian Petrochemical Company Oct.21.
“Exports of polyethylene to the Middle East and to the world will also reach 38.1 percent and 14 percent respectively and exports of propylene to the Middle East and to the world will reach 19.6 percent and 2 percent respectively by the same year,” Shana quoted Shahdaei as saying.
During the last fiscal year, ended on March 21, Iran exported $1.453 billion worth of ethylene Polymers.
“In the fifth national development plan (2010-2015), Iran’s petrochemical industry was active mainly in the field of base chemicals and polymers, but to develop the industry we will support plans which complete the supply chain and produce special grades of polymers which can be used as feedstock for the downstream sector of the industry,” she said.
Shahdaei said that some $72 billion worth of foreign investments can be attracted to Iran’s petrochemical projects.
She went on to add that the foreign investors are free to participate in 30 plans that are under consideration and other 50 plans that are being implemented.
“The new plans have a total production capacity of 49.1 million tons and require $39.8 billion worth of investments. Moreover, the 50 in-development plans have a total production capacity of 41.3 million tons and require $32.3 billion worth of investment.”
Iran’s petrochemical production capacity was around 63 million tons in 2015, which will be increased to 130 million tons in 2020 and to 180 million tons in 2025, she explained.