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NPC’s Total Production Capacity to Reach 45m Tons

Source: Tehrantimes 12/24/2005, Location: Asia

“Shortage of raw materials for downstream petrochemical sector will be taken care of by the yearend and the plastic industry will also be adequately supplied by next year,” planning manager of National Petrochemical Company (NPC) Mohammad Hassan Peyvandi announced.

“By commissioning several projects like Marun, Arya-Sasol, and Olefin 9, NPC will be able to meet all the requirements of this sector and may also export a considerable volume abroad,” he stated, adding that financing is the best proven method to bring petrochemical plans into fruition without relying on other sources. Moreover, Olefin 12 Plan -- intending to produce 1.8 million tons ethylene, 900,000 tons polypropylene and 700,000 tons mixed aromatics – will be put to tender soon, Peyvandi maintained.

Furthermore, a joint project for production of one million ton urea with participation of an Indian company will soon be underway. “By taking all these projects into account, NPC’s total production capacity will increase to 40-45 million tons by 2007-2008 periods,” he said in conclusion.

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