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Iran Petrochem Output to Reach 133 Million Tons by 2025

Iran Petrochem Output to Reach 133 Million Tons by 2025Iran Petrochem Output to Reach 133 Million Tons by 2025

Iran will invest $40 billion in the petrochemical sector to increase annual output from the current 66 million tons to 133 million tons over six years, managing director of the National Petrochemical Company told reports on Monday.
“By the end of the current fiscal (March 2020), four petrochemical projects will be inaugurated. Next year (March 2020-2021), 16 plants will start production and seven more will be operational the following year. Until 2025 another 26 projects will come on stream,” the NPC news service Nipna quoted Behzad Mohammadi as saying.
With 50% rise, petrochemical production capacity will reach 100 million tons by 2021. In quantitative development terms, plans are for annual production of 133 million tons by 2025 -- double the current volume.

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