ChemOrbis 2nd PO Event: Iran to expand petchem industry via new feedstock capacities
Mr. Peyvandi stated that Iran’s petrochemical production capacity reached 60 million tons in 2013, up 5% when compared to 2012. The country was able to produce 18.2 million tons of petrochemicals in 2004.
Iran is planning to make new investments based on its achievable feedstock capacities. According to data shared by Mr. Peyvandi, the country is aiming to expand its ethane capacity by 4 million tons/year via new projects. For naphtha, the country is planning to raise their production capacity by 5 million tons/year while its propane and butane capacities are planned to be increased by 2 million tons/year. Iran is also planning to raise its methane capacity by 100 million m3/day. In line with its new capacities, the country is planning to construct 36 new plants with a total design capacity of 60 million tons/year.
The expected easing of sanctions is important for Iran for the opportunity it provides to improve the country’s technology as well as opening new channels for investments.
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