The announcement was made by Hassan Abbaszadeh,
the director of planning and development of NPC, at the 14th IraP petrochemical Forum (IPF), held at the IRIB International Conferences Center on Tuesday.
Abbaszadeh revealed that the value chain document
had been unveiled at the conference, outlining plans for the development of the
petrochemical industry. The document emphasizes the need to develop and
complete the value chain, reduce crude sales, and earn hard currency in the
Currently, 70 complexes are active in Iran's
petrochemical industry, three of which are utility complexes, with an installed
capacity of 92 million tons per year.
Abbaszadeh highlighted that 70% of the input feed
of Iran's petrochemical industry is gas, with the country producing around 70
million tons of petrochemical products in the calendar year 1401. The goal for
this year is to increase this amount to 80 million tons. The sale of Iran's
petrochemical products in 1401 totaled 40 million tons worth $27 billion, with
28 million tons worth $16 billion being exported and 12 million tons sold domestically.
The director of planning and development divided
the variety of Iran's petrochemical products into three basic, intermediate,
and final categories. The installed capacity of the Iranian petrochemical
industry in the basic products sector is 58 million tons, in the middle sector
it is 13 million tons, and in the final sector it is 20 million tons.
Abbaszadeh also announced that projects currently being implemented in the
petrochemical industry have about 35% physical progress and require an additional
$13 billion to complete.
The Director of Planning and Development of NPC
also emphasized the need to revise the country's development plan in the
petrochemical sector, particularly in the ammonia, ethylene, and methanol
Iran ranks after Saudi Arabia in the production
of basic products in the region, followed by Qatar, UAE, Oman, Kuwait, and
Abbaszadeh stressed the importance of developing
the value chain of methanol and emphasized that the plans defined in Iran's
petrochemical industry are moving towards the value chain.
The NPC's announcement regarding the increase in
actual production of petrochemical products is good news for the industry and
the country as a whole.
With the unveiling of the value chain document,
there is a clear roadmap for the development of the petrochemical industry,
which will help reduce crude sales and earn hard currency in the industry.
This will also attract more capital for the
implementation of projects currently being developed.
The revision of the country's development plan in
the petrochemical sector, particularly in the ammonia, ethylene, and methanol
sectors, will help Iran maintain its position as one of the top producers of
petrochemical products in the region.