Annual petchem output to rise 35% by Mar. 2021
TEHRAN- Iran’s annual petrochemical production will increase 35 percent in the current Iranian calendar year (ends on March 20, 2021), according to the managing director of National Petrochemical Company (NPC).
Making the remarks on Wednesday on the sidelines of his visit to the different units of one of the petrochemical complexes in the country, Behzad Mohammadi said that the operation of 16 petrochemical projects in the current year will increase the production capacity of the petrochemical industry by 35 percent, Mehr news agency reported.
It is while this figure will be 18 percent worldwide, 21 percent in China, 17 percent in the United States, and 16 percent in Saudi Arabia.
Projects worth over $11b to be inaugurated
The deputy oil minister further pointed out that 16 petrochemical projects, valued at over $11 billion, will be put into operation in the current year.
Elsewhere in his remarks, he called the current year as a prosperous and golden year for Iran’s petrochemical industry and added, “according to the scheduled program, a number of 16 petrochemical projects will be inaugurated by yearend but it is likely that three to four of these projects would be put into operation with delay due to the outbreak of coronavirus pandemic.”
Making the remarks in an interview conducted by Shana, Mohammadi reiterated, “In the petrochemical sector we should have a global view.”