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Iran Eyes 15mt/y Methanol Export in 5 Years

Source: www.gulfoilandgas.com 12/2/2017, Location: Asia

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Iran's export of methanol will cross 15 million tons per year by 2022, an Iranian petrochemical official says.

Iran will boost its methanol export within the next 5 years said Managing Director of Tamin Petroleum & Petrochemical Investment Company (TAPPICO) Mohammad Hassan Peyvandi.

Addressing a specialized conference on nitrogen and synthesis gas, he said Iran's petrochemical industry has improved a lot in recent years despite many regional challenges including international sanctions, glut of petrochemical products in the market and arrival of North America's shale oil and gas which resulted in the downward trend of prices.

Peyvandi added that the country is launching new methanol-to-propane facilities which will come online within the next few years.

TAPPICO director further said Iran has made great achievements in petrochemical industry despite all difficulties and has dramatically bolstered its methanol output.

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