Morteza Shahmirzaei told reporters on Tuesday,
February 8, on the second day of the 15th Iran Plast International Exhibition: “The
nominal capacity of Iran's petrochemical industry in 1979 was about 3 million
tons, and only seven complexes operated in the country prior to the revolution but
today 68 petrochemical complexes are active in Iran.”
He stated that by the end of the current
calendar year, which began on March 21, 65 million tons of petrochemical
products will be produced, of which about 25 million tons will be consumed by petrochemical
plants as feedstock and exports will reap roughly $14 billion in revenue.
The CEO of the National Petrochemical Company
stated that 75% of the feedstock of the petrochemical industry is gas and in
the cold season, with the increase in domestic demand, restrictions are created
for the industries.
Shahmirzaei further announced the inauguration
of Ibn Sina petrochemical project in the near future, and said: “By the end of
the year, $12.5 billion of foreign exchange will be offered to the Nima system.”
NIMA is the Persian acronym for an online
currency system launched by the Central Bank of the Islamic Republic of Iran
(CBI) in April 2018. Put simply, it's a market where Iranian exporters can sell
their foreign currency earnings for Iranian rials.
He pointed to the extension of the Sixth
Development Plan for another year, and said: “The nominal capacity of the
petrochemical industry is expected to reach 104 to 105 million tons by the end
of the next calendar year with the completion of projects.”