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Rouhani Says Petrochem Revenues Will Rise 47% in Two Years

Tabriz Petrochem Complex has invested $40 million to develop new technology to convert low value-added polymer grades into special polymers suitable to produce disposable syringes
Rouhani Says Petrochem Revenues Will Rise 47% in Two YearsRouhani Says Petrochem Revenues Will Rise 47% in Two Years

Annual petrochemical revenues are expected to reach $25 billion in 2021.
President Hassan Rouhani announced this on Monday addressing investors and businesses involved in the petrochemical industry in Tehran, IRNA reported.
“As more petrochemical projects come on stream gradually, the present at $17 billion annual earnings will rise by 47% in two years,” Rouhani said.
The sector’s annual output was 55 million tons in 2013 and increased by 20% in the last six years to reach 65 million tons, he added. 
Production is projected to exceed 80 million tons in 2021.

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