Strategic Planning to Boost Petrochemical Production

Strategic Planning to Boost Petrochemical ProductionStrategic Planning to Boost Petrochemical Production

Iran's petrochemical exports to African states, including Algeria, will experience a rise based its three strategic plans.

“Africa is among lucrative potential markets for Persian Gulf petrochemical and polymer products. Such materials can be transported to destination markets with the help of Iran's shipping lines," Diyakou Abbasi, the head of commercial department in Amir Kabir Petrochemical Company, told Mehr News Agency. The official said launching regional representative offices, purchasing or renting warehouses to store petrochemical goods and selling products with the local currency are the three new strategies to expand exports to Africa.

"Economic feasibility studies are being undertaken to open petrochemical offices in Kenya, Nigeria and Algeria," he said.

Abbasi announced that Amir Kabir Petrochemical Company is Iran's largest manufacturer of petrochemical and polymer products, with an annual production capacity of 700,000 tons of heavy polyethylene and linear and light polyethylene.

Furthermore, ethylene output capacity in the complex stands at 520,000 tons annually.

The official stressed that concurrent with sanctions removal, the export of polymer goods to Asian and European markets has witnessed a rise. According to the official, recent negotiations with participants in the 10th International Exhibition of Plastics, Rubber, Machinery and Equipment focused on concluding contracts to sell polymer products to Italy, the Netherlands, Austria, India and Pakistan.