Tehran (IP) - Iran plans to launch 8 petrochemical projects by the end of the current Iranian calendar year until March 21, 2021.

Iran Press/Iran News: The CEO of the National Petrochemical Company (NPC), Behzad Mohammadi told a press conference held to mark the Petrochemical Day on Sunday morning that the country’s petrochemical revenue generation was at a very favorable state, adding the industry, as the first industry in Iran, is strengthening its foothold in the country’s economy day by day.

So far this year, nine petrochemical projects have come online in Iran and eight others are expected to become operational by the end of the year, he said, according to Shana.

Mohammadi, who is also the Deputy Minister of Petroleum for Petrochemical Affairs, said 30% of the country’s petrochemical output is consumed domestically, adding 70% of the products are exported to international markets.

According to him, Iranian petrochemical companies supply 90 types of petrochemicals of which 18 are polymeric which are offered in 333 grades. 

The diversity of petrochemical products supplied domestically will reach 104 types by 2026 and 124 types by 2027, he said. 

Elsewhere, Mohammadi said 30 strategic projects had been defined in the industry with $16 billion of investment which would add 20 million tons to the country’s annual production capacity.


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Photo: 2nd Intl. Conf. on Oil, Gas, and Petchem held in Tehran