Iran Petrochem Development Speed Twice Global Average

Iran’s petrochemical sector has developed exponentially over the last 40 years and its speed of expansion has been twofold higher than the global average, managing director of the National Petrochemical Company said.
“NPC’s annual capacity to produce 3 tons of commodities in 1978 has now reached 90 million tons and it is still growing steadily,” Morteza Shah-Mirzaei was also quoted as saying by NPC's news website Nipna.
Globally, petrochemical production capacity almost doubles every 20 years, while Iran’s petrochemical production volume has increased by 100% per decade, he added.
The official noted that NPC’s annual output is expected to reach 200 million tons in the next 10 years.