NPC Projects Add to Value Chain

Eleven petrochemical projects in the last fiscal year that ended in March contributed to the value chain and expanded the National Petrochemical Company’s annual production capacity by 15%, from 66 million tons in 2019 to 76 million tons, secretary general of Iran's Association of Petrochemical Industry Corporation (APIC) said. 
“Of the total 17 projects scheduled to become operational in last year, 11 went on stream and six that are in different stages of construction are expected to become operational by next March 2022,” Ahmad Mahdavi was quoted as saying by IRNA.
Over $4 billion was invested in the 11 projects and should generate at least $1.5 billion a year.
Curbing export of raw materials, improving the value chain in the downstream sector, creating jobs, boosting non-oil exports and forex earnings are the primary goals of the new projects  Mahdavi said.