Apr 16, 2024 12:35

Iran Eyes 130mt/y of Petchem Output by 202

Iran Eyes 130mt/y of Petchem Output by 202
Iran’s total petrochemical production capacity will reach 130 million tons per year from currently 6 mt/y by the end of the 6th development plan (2016-2021), an MP says.

 Speaking to NIPNA, Jalal Mirzaei, a member of the energy committee of the Iranian parliament, said article 55 of the development plan has stipulated conditions for attraction of investments from the private sector in order to enhance the country’s petrochemical output to realize the targeted production capacity by 2021.

He said the sector’s value chain must become complete even though efforts had started prior to imposition of the sanctions which were hindered because of the restrictions caused by them.

The MP added that with implementation of the Joint Comprehensive Plan of Action (JCPOA), the petrochemical industry’s weak points should be located and resolved in order to materialize the targeted production capacity of the industry by 2021.

Iranian petrochemical plants can supply 64 million tons of petrochemicals annually but the capacity is estimated to cross 100 mt/y within the next 5 years.

The country is also planning to more than triple its petrochemical output and bring it to 180 mt/y by 2025.

Jan 22, 2017 16:09
nipna |
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