The output of Ghadeer Petrochemical Company in Mahshahr, Khuzestan Province, increased by 46% in the first three months of the current Iranian year (March 21-June 21) compared with the same period of last year, managing director of the company said.
“During this period, production reached about 34,000 tons,” Hossein Saffari was also quoted as saying by the Oil Ministry’s news agency Shana.
“About 12,000 tons of the output were produced in the third month of spring, which is a new record in the history of the company since its establishment in 2009,” he added.
The company had increased its polyvinyl chloride (PVC) output by 2,500 tons per month last December.
The company's feedstock is chlorine and ethylene. Ethylene is supplied via pipeline in western Iran and chlorine is supplied by Arvand Petrochemical Company.
Established on a 15-hectare area, it also produces vinyl chloride monomer with an annual production capacity of 150,000 tons.
The company’s products are used in manufacturing various types of pipes, hoses, electrical insulation, door and window frames, cabinets and automotive parts.
According to Saffari, plans are underway to further increase the output of PVC unit.
PVC is the world's third-most widely produced synthetic plastic polymer (after polyethylene and polypropylene) with an annual output of about 40 million tons.
Iran currently produces close to 800,000 tons of PVC per year.
The global PVC market size is estimated to reach $108.12 billion by 2026, growing at a CAGR of 7.2% during the forecast period.
PVC is a vinyl chain polymer and retains its position among top three polymers, coming as it does after polyethylene and polypropylene.
The global PVC market is mainly driven by high demand in some of the high-profile industries that include electrical and electronics, building and construction, automotive and packaging.
Polyvinyl chloride possesses fire-retardant properties and oil/chemical resistance. It is identified with further properties such as being lightweight, having good mechanical strength, abrasion resistance and durability.
An ever-increasing population has led to the proliferation of industries using polyvinyl chloride. A spurt in consumer electronic products and lightweight automotive products has increased demand for polyvinyl chloride.
