Polymer Exports Eye $3b by Yearend

Polymer exports are projected to reach $3 billion by the end of the current fiscal year (March 2022) not only because of the rise in petrochemical product prices, but also due to the removal of global restrictions related to the pandemic, according to the head of the National Association of Polymer Industries’ board of directors.
“Polymer industry accounts for 3.5 million tons of the total petrochemical production capacity that stands at 90 million tons per annum,” Saeed Torkaman was also quoted as saying by IRNA.
“The industry accounts for 2.2% of Iran’s non-oil exports, while the installed capacity for polymer products is more than 20 million tons, of which only 3.5 million tons are produced per year and 2.5 million tons are exported,” he said.