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Karoun Expanding Petrochemical Exports

Karoun Expanding Petrochemical ExportsKaroun Expanding Petrochemical Exports

Managing director of Karoun Petrochemical Company (KRNPC) said it is expanding export markets to African, European and Far East countries, saying the company has recently exported its first petrochemical cargo to Nigeria.

“Under the sanctions regime, Iran’s export markets in the petrochemical sector were limited to the Middle Eastern countries, such as Turkey and the UAE, as well as Pakistan and East Asia,” Alireza Seddiqi-Zadeh was also quoted as saying by Shana.

Noting that KRNPC’s main products are toluene diisocyanate (TDI) and methylenediphenyl diisocyanate (MDI), Seddiqi-Zadeh said the company launched the production of TDI about five years ago and is currently producing it at 50% of the capacity.

The percentage is due to reach 75% by the end of the current Iranian year (ending March 20, 2017) and next year, TDI will be produced in the company at full capacity, according to the official.

“KRNPC started producing MDI since late last year and I hope it would be mass produced in the near future,” he said.

Stressing that the product is being produced for the first time in the country, Seddiqi-Zadeh noted that each of the two products’ production capacity is 40,000 tons per year, half of which can meet the domestic needs.

KRNPC, as a midstream industrial company, receives its feedstock from the petrochemical companies of Bandar Imam, Bu Ali Sina, Fanavaran, Arvand, Razi and Shahid Rasouli.

 

Financialtribune.com