Feedstock shares 44.8% in Iran’s petrochemical idle capacity
Baku, Azerbaijan, Nov. 16
By Dalga Khatinoglu – Trend:
Iran’s idle petrochemical capacity stood at 10.835 million tons (MT) during last fiscal year, ended on March 21.
The share of feedstock shortage was 44.8 percent, while the repair and maintance operations share 42 parent in iddle capacity, annual report of National Iranian Petrochemical Company’s statistics indicate.
Iran plans to increase the actual production volume to 54.7 MT in the current fiscal year, with indicates 7 MT increase year-on-year.
The report says that Iran consumed 53.5 million cubic meters per day (mcm/d) of natural gas, of which 44 percent was feedstock in petrochemical plants during last fiscal year. “5.57 MT of gas condensate, 1.775 MT of Naphtha, 1.631 Mt of ethane, 87,000 barrels of NGLs as well 210,000 barrels of kerosene was consumed in petrochemical plants.
Iran plans to increase the nominal petrochemical production capacity to 180 MT per year by 2025.
The report says the country exported 18.8 MT pf petrochemical products during last fiscal year.
However, according to Iran Custom Administration’s statistics, Iran’s petrochemical products export reached 18.719 MT in the first half of current fiscal year, indicates a 53 percent growth compared to the same period in last year.