NPC to Raise Polymer Production Capacity to 12 Mt

Source: www.gulfoilandgas.com 12/1/2012, Location: Asia

Production capacity of polymer products will hit 12 million tons at the end of Iranian calendar year 1395, 20 March 2016.

Speaking to Shana, NPC’s manager for planning and development, Ramezan Owladi, made the remarks adding the country will be not only self sufficient in polymer products at the end of 1395 but also a big exporter of polymer products.

‘A plan that aims at diversification of petrochemical products will be finalized in near future and by launching new petrochemical plants, production capacity of polymer products will make a great leap forward.

‘While 21 years ago we had just one polymer unit in the country, these days polymer installed capacity has reached six million tons’, the NPC official told Shana.

He continued: When West Ethylene Pipeline to become fully operational and its phases to be completed it will have a big impact on the country’s petrochemical industry and will provide feedstock to many petrochemical plants.

Meanwhile NPC’s managing director, Abdolhosain Bayat announced yesterday that the company exported 7 billion dollars of petrochemical products during the first seven months of current Iranian calendar year, began 20 March 2012.

Speaking at a petrochemical conference Bayat further said that during the mentioned period the country exported 10 million tons of petrochemicals implying high level of demand for Iran’s petrochemical products.

He said Iran’s petrochemical industry is moving toward development and in its direction considers backing investors as an important target.

‘Iranian government and Petroleum Ministry are ready to cooperate with domestic and foreign investors in the way of developing complementary industries in petrochemical sector that aims at generating value-added and completion of production chain’, Bayat noted.

According to Bayat, Islamic Republic of Iran can make good foreign exchange revenues through development of complementary industries due to its geographical position and having access to export destinations including neighboring countries markets.


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