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Iranian Petrcohems Increasing Market Share With Three New Projects

55 petrochemical companies in Iran, mostly in southwestern Khuzestan Province and Assalouyeh in the Persian Gulf, produced 31 million tons in the last fiscal and exports generated $9.5 billion
Iranian Petrcohems Increasing Market Share With Three New Projects Iranian Petrcohems Increasing Market Share With Three New Projects

To help expand the value-added chain in the petrochemical industry, three projects that cost $1.6 billion will be inaugurated on Thursday, managing director of the state-run National Petrochemical Company said.
“Kaveh Methanol Complex in the southern port city of Bandar Dayyer, Bushehr Province, Middle East Kimia Pars Petrochemical Company in the 2nd phase of Pars Special Economic Energy Zone in Assaluyeh, Bushehr Province, and Lorestan Petrochemical Complex in western Lorestan Province will add 4,000 tons to NPC’s annual output that currently is 66 million tons,” Behzad Mohammadi was quoted as saying by IRNA.
Referring to the first venture (Kaveh complex), he said it would increase Iran’s annual methanol production (now 8.3 million tons) by 2.3 million tons.

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