Positive projections for Iran’s petrochem sector

Financial Tribune – Annual petrochemical output in Iran will reach 100 million tons by 2022, managing director of the National Petrochemical Company said.

“There are 56 petrochemical companies producing 66 million tons of a variety of products a year,” the NPC news portal Nipna quoted Behzad Mohammadi as saying.

About 35 million tons including ethylene and propylene is used as feedstock in the domestic petrochemical complexes to produce derivatives such as plastics, detergents, solvents, paints, fertilizer, pesticides, synthetic fibers and rubbers. The rest of petrochemical output is sold in national and international markets.

Of the 31 million tons sold, 22.5 million tons are exported and 8.5 million tons is used in the downstream sector by local companies, Mohammadi said.