News ID: 324265
Published: 0323 GMT September 21, 2022

Iran petrochemical capacity to double in 10 years

Iran petrochemical capacity to double in 10 years

The capacity of Iran’s petrochemical industry will have over twofold increase within the next 10 years, a senior Iranian official announced on Wednesday.

Morteza Shah-Mirzaei, the managing director of the National Petrochemical Company (NPC), made the remarks at the opening ceremony of the 2022 International Plastic and Machinery Exhibition “IranPlast” in Tehran, IRNA reported.

The capacity of petrochemical production in the country will hit 200 million tons per year within the next decade, the official underlined.

Despite the Iraqi-imposed war against Iran in 1980-88 and the crippling sanctions on the country, petrochemical industry is growing with speed in Iran, Shah-Mirzaei said.

The official, who is also a deputy oil minister, said all petrochemical products will be produced in the country within the next 10 years thanks to NPC’s planning.

Iran’s petrochemical industry is one of the most secure industries in the world, he concluded.


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