Iran to inaugurate 7 petchem projects next fiscal year
Tehran, Iran, March 11
By Mehdi Sepahvand - Trend:
Iran is going to inaugurate seven new petrochemical projects next fiscal year (to start March 21).
This is while in the present Iranian year, six projects, including the Urmia sulfuric acid, Mahabad and Luristan heavy and light polyethylene units, Marvdasht (Shiraz) urea and ammonia unit, Karoon Petrochemicals’ phase 2, and Takhte Jamshid petrochemical came on stream, according to National Petrochemical Company Control Director Ali Mohammad Bosaqzadeh, Mehr news agency reported March 11.
The projects that will become operational next year include Kurdistan light polyethylene units with an annual output of 300,000 tons, Pardis Petrochemical’s phase 3 with an annual output of 1.755 million tons of urea and ammonia, and Kaveh methanol unit with an annual output of 4.365 million tons, the official said.
According to Bosaqzadeh, the other projects include ethylene glycol unit Morvarid with an annual output of 550,000 tons, Entekhab polystyrene unit with an annual output of 250,000 tons, Takhte Jamshid Petrochemical and phase 2 of Kavian Petrochemical each with annual outputs of 1 million tons.
Iran’s petrochemical and polymer output currently stands at 62 million tons per year. If the existing projects come on stream, the country’s output will hit 120 million tons per year in five years.