Energy
0

Local Catalyst Producers Supply Petrochem Sector

Local Catalyst Producers Supply Petrochem Sector Local Catalyst Producers Supply Petrochem Sector

Petrochemical plants and oil refineries use $400 million worth of catalysts a year, the majority of which is produced locally, managing director of the National Petrochemical Company said.
“The global catalyst market is worth $18 billion pa, of which 2.2% is used in Iran,” Behzad Mohammadi was quoted as saying by the Oil Ministry’s news portal.
Iranian companies use at least 23,000 tons of catalysts a year. Given, Due to the large size of Iran’s petroleum and petrochemical sector, most of the demand comes from related firms. Private companies produce 20,000 tons of catalysts a year, covering most of the demand.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com