...

Iran to add ESBR to its petrochemical products

Business Materials 9 December 2016 21:38

Baku, Azerbaijan, Dec. 9

By Emil Ilgar – Trend:
Iran plans to add a new type of polymer, called emulsion polymerization styrene-butadiene rubber (ESBR), to its petrochemical products by August 2017, IRNA reported.

About 137,000 tons of ESBR would be produced, a part of which will be exported to Turkey, China and India, Managing Director of Sadaf Petrochemical Assaluyeh Company Ahmad Jazayeri said.

He said that some 102 million euros of foreign investment has been attracted to the project under Italian Versalis Company’s license.

According to an official document prepared by Oil Ministry and seen by Trend, the nominal capacity of Iran’s petrochemical plants increased from 51.7 million tons in the first half of a fiscal year (FY) corresponding to 2013 to 61.4 tons and 63.3 tons during the same periods of last and current FYs, respectively.

Iran’s fiscal year starts on March 21.
The actual production reached 24.9 million tons during the first half of current FY, about 3.2 million tons more than the same period three years ago.

Petrochemical exports stood at 12.8 million tons during an FY which corresponds to 2013, but the figure reached 10.3 million tons during the first half of current FY.

Iran plans to increase the petrochemical production volume to about 130 million tons and 180 million tons by 2020 and 2025.

Iran needs $52 billion of investments to reach the target.

Tags:
Latest

Latest