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Iran to complete 12 stalled chemical facilities by late 2016

by ChemOrbis Editorial Team -
  • 09/04/2015 (16:30)
According to market sources, Iran is planning to complete twelve stalled chemical facilities by the end of its fiscal year of 2016, which began on March 21. The twelve units under consideration began construction four to five years ago, but their completion has been delayed until now for various technical and financial reasons. Iran has reportedly accelerated its activities in petrochemical markets in anticipation that sanctions will be lifted following the finalization of the Iranian nuclear deal.

Among the stalled units now set to be completed are Kavian Petrochemical Company’s 1 million tons/year ethylene plant at the Pars Special Economic Energy Zone in Assaluyeh, Kordestan Petrochemical’s 300,000 tons/year LDPE plant in Kordestan, Lorestan Petrochemical Company’s 300,000 tons/year LLDPE plant in Lorestan and Mahabad Petrochemical’s 300,000 tons/year LLDPE plant in Mahabad as well as other polymer projects in Hegmataneh, Karoon, Dalahoo, Pardis, Takht-E Jamshid and Morvarid.

In line with the commissioning these suspended projects, Iran aims to boost its petrochemical production to more than 66 million tons by the middle of March 2016. Iran produced 44.4 million tons of petrochemical and polymeric products in 2014.

Meanwhile, sources also reported that Iran seeks to increase its petrochemical exports to European markets. According to Iran’s Petrochemical Employers Association, the country can supply $5 billion of additional petrochemicals to Europe once sanctions are lifted.
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