NPC to inaugurate 5 new petchem projects

TEHRAN, Jan. 09 (MNA) – NPC managing director has announced that five new petrochemical plans are scheduled to become operational within weeks.

Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei made the remarks adding that three more plans will come on stream early in to the upcoming Iranian calendar year (to begin March 21).

She further asserted that Phase 2 of Kavian petrochemical complex with a capacity of one million tons, the second phase of Morvarid petrochemical company with 550 thousand tons of capacity, Entekhab petrochemicals with a capacity of 250 thousand tons as well as Takhte Jamshid petrochemical project with a capacity of 250 thousand tons were ready for operation.

Deputy oil minister noted that Phase two of Pardis petrochemical complex would also come on stream by the end of the current Iranian year while three more projects are slated to begin production at the beginning of the next year.

Shah-Daei estimated that the output figure for Iran’s petrochemical industry will rise from the current 64 million tons to over 100 million tons while the target for the present year stands at 50 million tons.

She recalled that approximately 10 million tons of various petrochemical products worth about nine billion dollars had been deployed to global markets.

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News Code 122597

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