News ID: 111082
Published: 0350 GMT February 06, 2015

10-month petrochem output hit 37m tons

10-month petrochem output hit 37m tons

Iran’s petrochemical production in the ten months ending January 20 reached 37 million tons, said an Iranian official.

Director of Production Control Department at the National Petrochemical Company (NPC) Ali Mohammad Bosaqzadeh also said on Thursday Takht-e Jamshid and Lorestan petrochemical plants will become operational by March.

“The plants have the capacity to produce 30,000 tons of synthetic rubber and 18,000 tons of polybutadiene per year,” he said.

Bosaqzadeh added that the launch of Takht-e Jamshid plant will end the export of unprocessed petrochemical products and totally meet the demands of rubber industry.

The official noted that the polymer production unit of Lorestan plant, with an annual capacity of 300,000 tons, will be launched by March 21.

Earlier this week, a deputy oil minister said Iran's annual petrochemical production capacity would plateau at 100 million tons by 2020, if Western governments ease their sanctions.

“In case petrochemical sanctions are eased to facilitate transfer of currency and technology…, we can expect Iran’s petrochemical production capacity to soar from the current 60 million tons to 100 million tons” by 2020, said Abbas She’ri-Moqaddam.  

She’ri-Moqaddam, who is also the head of NPC, said the country’s petrochemical output is to experience a 7-million-ton jump in the next Iranian year (starting March 21), as 14 petrochemical projects are planned to go on stream.

He said Iran expects to see its petrochemical production capacity increase by 1.3 million tons by March 20,

Iran expects around $12 billion from petrochemical exports by mid-March.

Iran is determined to become the leading producer of petrochemicals in the Middle East.

The country has significantly expanded the range and volume of its petrochemical production over the last few years and the NPC has become the second largest producer and exporter of petrochemicals in the Middle East after Saudi Arabia.

Iran is in talks with six world powers – the United States, France, Britain, China, Russia and Germany – in the hope of a permanent nuclear deal that would ease sanctions against the Islamic Republic.

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