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Iran resumes exports of polyethylene to Europe

by ChemOrbis Editorial Team -
  • 09/01/2015 (16:17)
According to market sources, Iran has resumed its polyethylene exports to Europe following the easing of US-led sanctions against Iran in recent years. Petrochemicals are Iran’s second largest source of foreign revenue after oil.

It was reported that an Iranian PE producer reported that they were planning ship a cargo to Europe of 2,000 tons of LLDPE during the last week of December. In 2014, Iran reportedly increased its revenue from petrochemicals to more than €10 billion ($11.8 billion) and targets further increases from this revenue stream in the coming years.
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