NPC Spending $8.5 Billion to Raise Petrochemical Feedstock Production

Petrochemical firms in Iran produced 31 million tons in the last fiscal of which 23 million tons were sold to international markets and the balance inside the country.

NPC Spending $8.5 Billion to Raise Petrochemical Feedstock ProductionNPC Spending $8.5 Billion to Raise Petrochemical Feedstock Production.

The 55 petrochemical companies in Iran annually use 35 million tons of natural and liquefied gas as feedstock to produce 31 million tons of products, managing director of the National Petrochemical Company said.

“To help raise annual feedstock supply by 14 million tons, seven projects costing $8.5 billion will come on stream before the fiscal year ends in March 2021,” ILNA quoted