TEHRAN (Dispatches) -- First Vice President Eshaq Jahangiri has said Iran’s petrochemical production capacity was expected to reach 90 million tons per year from currently 64 mt/y by 2022.
The official said that the boost would be made possible once 18 new petrochemical projects came online by 2022.
Jahangiri said that such growth in the petrochemical sector of the country was unprecedented.
He further said that by imposing sanctions, the Americans sought to dissolve the Islamic establishment of Iran which would never take place given the help of God.
Earlier on Monday the CEO of the National Petrochemical Company (NPC) Behzad Mohammadi said final decisions regarding the construction of a new petrochemical hub in the southwestern region of Mahshahr would be taken soon.
According to NPC, speaking in Mahshahr, Mohammadi said Mahshahr was an oil petrochemical hub and a key player in Iran’s petrochemical industry, adding that maintaining the status quo in the region and developing a new hub were the main goals sought in Mahshahr.
According to Mohammadi, developing downstream projects in the hub was top on NPC’s agenda, Shana reported. He also added that plans were being considered at NPC and final decisions would be made about feedstock allocation to the future plants in the hub soon.
The official further said that an output of 5 to 6 million tons per year of petrochemical items was envisaged in designing the new hub which will be developed in a matter of 5 to 15 years.