Petrochemicals

Iran'.s petrochemical production capacity would cross 100 mt y by 2021.

The petrochemical industry of Iran has focused on domestic manufacturers and contractors in implementing its projects.

The National Petrochemical Company (NPC) is seeking to ensure the maximized involvement of domestic manufacturers and contractors in petrochemical projects. the NPC CEO said.

Iranian Oil Minister Bijan Namdar Zanganeh announced that the country has made great progress in the production of different petrochemicals and will further expand its capacities in future.

The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019.

Total feedstock volume of petrochemical units in the country stands at 650.000 barrels of oil.

Production capacity of Iran’s petrochemical industry will increase up to 100 million tons by 2021.

CEO of the Petrochemical Research and Technology Company (PRTC) says Iranian petrochemical companies are keen on consuming local catalysts for their operations to cut expenses.

Iran’s Oil Minister said that Tehran is increasing its revenues from oil derivatives after the US imposed sanctions on the country’s crude exports. adding that Iran eyes to produce over 100 million tons of petrochemicals a day by 2021.

The sector’s move towards green and low-carbon operations was a strategy in all sectors of the industry.