Iran to complete 12 stalled chemical facilities by late 2016
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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