Iran Petrochemical Output to Cross 133mn Tons/y by 2025
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) Behzad Mohammadi Iran on Monday said that Iran planned to bring its petrochemical production capacity to 133 million tons per year by 2025 with $40 billion of investment.
Mohammadi said that the country was preparing to materialize the 3rd leap in its petrochemical industry which would require $23 billion in investment.
Mohammadi also said that Iran was developing projects with $40 billion of investment in the petrochemical industry, reported NPC.
He said the projects were categorized as to realize the second and third leap in the sector.
"The petrochemical sector plays a key role in the economy, and by launching new projects the role of the sector in the economy would be intensified as well.”
Mohammadi said the second leap in the industry had begun in 2013 and would bring Iran’s petrochemical production capacity to 100mn tons/y from currently 66mn tons/y by 2021.
According to Mohammadi, the country’s petrochemical revenues would increase from currently $17 billion to $25 billion by 2021.
Up to 27 petrochemical projects will come on stream by 2021 in Iran which include Kaveh Methanol Plant, Ilam Olefin Plant, Bushehr Methanol Project and PVR Takht Jamshid Plant.
Currently, 56 petrochemical plants are active in Iran which will reach 83 plants by 2021, the NPC CEO said.
Mohammadi said that the country was preparing to materialize the 3rd leap in its petrochemical industry which would require $23 billion in investment.
Mohammadi also said that Iran was developing projects with $40 billion of investment in the petrochemical industry, reported NPC.
He said the projects were categorized as to realize the second and third leap in the sector.
"The petrochemical sector plays a key role in the economy, and by launching new projects the role of the sector in the economy would be intensified as well.”
Mohammadi said the second leap in the industry had begun in 2013 and would bring Iran’s petrochemical production capacity to 100mn tons/y from currently 66mn tons/y by 2021.
According to Mohammadi, the country’s petrochemical revenues would increase from currently $17 billion to $25 billion by 2021.
Up to 27 petrochemical projects will come on stream by 2021 in Iran which include Kaveh Methanol Plant, Ilam Olefin Plant, Bushehr Methanol Project and PVR Takht Jamshid Plant.
Currently, 56 petrochemical plants are active in Iran which will reach 83 plants by 2021, the NPC CEO said.