ChemOrbis 6th Asia Petrochemical Conference: Iran increasing its share of global petchem production
According to Mr. Mirkarimi, Iran’s domestic petrochemical demand more than doubled between 2009 and 2014, rising from 7.9 million tons to 16.1 million tons. In addition, petrochemical exports have also steadily increased from 2011 to 2014 and are expected to increase further once international sanctions are lifted. By 2017, Iran is expected to account for 6.6% of the world’s PE capacity and 2.3% of global PP capacity.
The country’s current production capacity for PE is more than 3 million tons/year and above 1 million tons/year for PP. Major export destinations for Iran’s PE include China, the UAE, Turkey, India and Pakistan. As for PP, Turkey is the biggest importer of Iran’s PP, followed by China, Uzbekistan, Pakistan and Azerbaijan.
Iran is slated to add new capacities for PE and PP totaling 4.3 million tons/year and 750,000 tons/year, respectively.
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