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16 Petchem Projects Launched under President Rouhani

(Wednesday, February 6, 2019) 18:36

TEHRAN (NIPNA) -- Iran’s petrochemicals production capacity has risen by 8.58 million tons per year as 16 new projects have come on-stream since 2013 that Iranian President Hassan Rouhani took office.

The projects were built with $6.47 billion and include such projects as Kurdistan Petrochemical Project, Ilam Petrochemicals, Lorestan Petrochemical Complex, Urmia Sulfuric Acid Unit, Mahabad Petrochemical Complex, Shiraz Petrochemical Complex, Karun Petrochemical Company, Takht-e Jamshid Petrochemical Company, Phase II of Kavian Petrochemical Complex, Takht Jamshid Pars Petrochemical Project, Entekhab Polystyrene Project, Morvarid MED Project, Pardis Urea and Ammonia Project, Marjan Petrochemical Project and 2 utility services.

These complexes, in addition to developing the downstream sector of the petrochemical industry and completing the value chain in the sector, have created new export markets, jobs and value added in the country.

Under President Rouhani, the share of Iran's petrochemical industry in the production capacity of major petrochemical products in the Middle East region increased from 22.21% to 23.46 percent from 2013 to 2018.

Moreover, during the said period, Iran's share of global petrochemicals production capacity has increased from 2.26 to 2.50 percent since 2013.

The number of active petrochemical facilities operating in Iran has also increased by 26 percent from 43 to 54, and the country’s installed capacity has risen by 14 percent since 2013.

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(Wednesday, February 6, 2019) 18:36

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