TEHRAN (Iran News) – Iran’s petrochemical product basket will become more diversified by the Iranian year 1404 (to start March 21, 2025), said the head of Iran’s National Petrochemical Company (NPC), Behzad Mohammadi.
The official noted that major development plans were underway for diversifying the country’s petrochemical products considering the wide range of feedstock available, shana.ir reported.
Noting that the implementation of 17 petrochemical projects is planned for the current Iranian year (ending March 20, 2021), he added, “Medium-term planning shows the determination of the National Petrochemical Company and its commitment to these plans; everyone in NPC is following this trend while the effective role of this company in the development of the country’s petrochemical industry is becoming more prominent.”
In late August, Mohammadi said Iran is going to become the top petrochemical producer in the region after the realization of the industry’s third leap in the Iranian calendar year 1404.
After the implementation of projects in the second and third leaps of the petrochemical industry, 34 new projects with an investment volume of $17 billion and a total capacity of 19 million tons, Iran’s position will be more privileged, said Mohammadi.
Pointing to the Iranian petrochemical industry’s pioneering projects, he said that such projects are the key to the development of the petrochemical industry.
“Along with other pioneering plans, defining new petrochemical projects based on mixed feedstock is a process based on thinking, effort, engineering, and accurate market calculations,” Mohammadi stressed.
According to the official, the NPC’s pioneering projects have been classified into four major categories, namely, methanol, propylene, ethylene, and benzene, according to which 20 smart projects have been defined for meeting domestic demand and diversifying the export basket.
The petrochemical industry is playing a crucial role in Iran’s non-oil economy; based on official data, petrochemical exports constitute the second-largest hard currency earner in Iran, after crude oil. Petrochemical exports comprise nearly 33 percent of the country’s non-oil exports.
- source : Iran Daily
