Ghadeer Petrochemical Company in Mahshahr, Khuzestan Province, has increased its polyvinyl chloride (PVC) output by 2,500 tons per month.
The company produced 10,000 tons of PVC per month in the recent past, but its current monthly output has reached 12,500 tons, ILNA reported.
With the rise in PVC production, the plant will be able to increase its annual PVC production of 120,000 tons to 150,000 tons per year, which will add $6 million to its monthly revenues.
The company's fuel is chlorine and ethylene. Ethylene is supplied via a pipeline in western Iran and chlorine is supplied by Arvand Petrochemical Company.
Established on a 15-hectare area in 2009, it also produces vinyl chloride monomer with an annual production capacity of 150,000 tons.
The company’s products are used in manufacturing various types of pipes, hoses, electrical insulation, door and window frames, Cabinets and automotive parts.
If the company meets domestic needs, its surplus output can be exported to neighboring and CIS countries.
PVC is the world's third-most widely produced synthetic plastic polymer (after polyethylene and polypropylene) with an annual output of about 40 million tons.
Iran currently produces close to 800,000 tons of PVC per year.
The global PVC market size is estimated to reach $108.12 billion by 2026, growing at a CAGR of 7.2% during the forecast period, according to a new study published by Report Ocean.
PVC is a vinyl chain polymer and retains its position among top three polymers, coming as it does after polyethylene and polypropylene as the largest produced synthetic chemical.
The global PVC market is mainly driven by its high demand in some of the high-profile industries that include electrical and electronics, building and construction, automotive and packaging.
Polyvinyl chloride possesses fire-retardant properties and oil/chemical resistance. It is identified with further properties such as being lightweight, having good mechanical strength, abrasion resistance and durability.
An ever-increasing population has led to the proliferation of industries using polyvinyl chloride. A spurt in consumer electronic products and lightweight automotive products has increased demand for polyvinyl chloride.
