Catalysts Worth $200 Million Produced Locally

Petrochemical plants use $275 million worth of catalysts annually, a majority of which is produced locally, managing director of the National Petrochemical Company said.
“The key industry needs 95 types of catalysts, 70% of which worth $200 million are produced with the help of domestic firms,” IRNA also quoted Behzad Mohammadi as saying on Friday.
Iranian companies use at least 25,000 tons of catalysts per annum. Due to the large size of Iran’s petrochemical sector, most of the demand comes from affiliated firms. Private companies produce 18,000 tons of catalysts a year, covering most of the demand.