Karoun Expanding Petrochemical Exports

Karoun 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.


Short URL : http://goo.gl/nN5GqQ
  1. http://goo.gl/KcvTcX
  • http://goo.gl/wblG2U
  • http://goo.gl/JS1M5J
  • http://goo.gl/jF1EEz
  • http://goo.gl/1nXNl3

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...