ChemOrbis Europe Petrochemicals Conference: Iran will be Middle East’s largest petrochemical producer by 2025
Mirkarimi also reported that Iran aims to improve its trading activities in the post-sanctions period through new production capacities. He reported that Iran will be the biggest petrochemical producer in the Middle East by 2025 with the start up of 180 million tons/year new capacities as Iran has easy access to feedstocks and enjoys the largest gas and fourth largest oil reserves in the world. By 2025, Iran aims to achieve 60 million tons/year of ethane based ethylene capacity.
Mirkarimi added that Iran is planning to increase its shares of the world’s PE capacity by 2017 following the start up of new capacities totaling almost 4 million tons per year. For PP, meanwhile, the country is expected to launch 750,000 tons/year of new capacities by 2017.
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