31 Strategic Petchem Projects under way in Iran: CEO

31 Strategic Petchem Projects under way in Iran: CEO
(Monday, December 21, 2020) 02:05

TEHRAN (NIPNA) – The CEO of the National Petrochemical Company (NPC) said 31 petrochemical projects were under way across the country for production of feedstock, as well as propylene.

Behzad Mohammadi, addressing a ceremony to mark the Research Week on Wednesday, said the completion of the projects, 22 million tons per year would be added to the country’s petrochemical production capacity.

He further lauded the Petrochemical Research and Technology Company (PRTC) for its research and technology achievements in the petrochemical industry, saying the company serves as the powerful research arm of the petrochemical industry of Iran and has been pretty effective in generation of wealth for the sector and country.

Mohammadi, who is also the deputy petroleum minister for petrochemical affairs, further added that the in the path to smart development, there are still a long way ahead of the petrochemical industry in Iran, adding: “The value of petrochemical products in the world is 3,350 billion per year of which 18 to 20 billion is Iran’s share which, given Iran’s numerous advantages in the sector, there is still a lot that needs to be done in the sector of the country.”

He said the current Iranian calendar year which began on March 21 is the golden year for the industry, given the number of new projects which came on online during the year.

17 projects were planned to come on stream this year of which 6 have become operational and 3 others will come online by the end of next week. 5 others are also planned to come on stream by the end of the year.

He said one of these plants is Hegmataneh Plant which was hamstrung for years due to certain problems but plans have been devised to bring all of the projects by April 2021.

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