Baku, Azerbaijan, Sept. 17
By Fatih Karimov– Trend:
Iranian petrochemical plants produced 22.6 million tons of petrochemical products during the first five months of current fiscal year that started March 20.
The National Petrochemical Company (NPC) of Iran announced Sept. 17 that output of 57 Iranian petrochemical complexes stood at 4.6 million tons during the Iranian calendar month of Mordad(July 21-Aug.22).
The country’s nominal production capacity is planed to reach 70 million tons per year by March 2018.
About 7.3 million tons of petrochemicals, worth 140,744 billion rials were sold in domestic market, meanwhile the value of exported products accounted for $4.6 billion (9.2 million tons) in five-month period.
Some 21 petrochemical complexes located in the port city of Mahshahr have produced more than 8 million ton of products while the 16 complexes located in Asalouyeh city produced over 9.7 million tons of petrochemical products during the 5-month period.
Iran plans to inaugurate seven petrochemical plants the current year and 23 more in the next year.
In total, 64 petrochemical projects are expected to become operational in Iran by 2021 to double the country’s nominal production capacity in the next five years.
Iran needs $20 billion of investment to reach the targeted plan and further $35 billion of investment is needed to increase the figure to 150 million tons per year by 2025.