TEHRAN (Dispatches) - The CEO of the National Petrochemical Company Behzad Mohammadi has said that Iran’s petrochemical production capacity would increase by 60% this year, adding by launching 17 projects, Iran’s petrochemical revenue would increase by 80 percent by the end of the current Iranian calendar year which began on March 20.
Mohammadi said Iran would launch 17 projects this year which would bolster the sector’s output dramatically while increasing revenues.
He said Iran would launch 3 major petrochemical projects by Thursday which would add 4 million tons to the country’s annual petrochemical production capacity.
These projects include Kaveh Petrochemical, Kimia Pars Middle East and Lorestan Catalyst projects, with a total of $1.57 billion of investments.
Mohammadi, stating that in the second leap of the country’s petrochemical industry, 27 projects have been defined that will be put into operation by the end of 1400 (March 2022), continued: "17 projects from this basket will be put into operation by the end of this calendar year.”
He said by inauguration of all the projects in the second leap, Iran’s petrochemical production capacity would reach 100 million tons per year from currently 66mn tones per year.