Iran pushing to double petrochemical production by 2025

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Petrochemical exports already make up nearly 33 percent of the country’s non-oil exports. Iran’s annual petrochemical output, which is currently at 65 million tons, is planned to reach more than 100 million tons by the Iranian calendar year of 1400 (ends on March 2022) and to 130 million tons or nearly doubled) by 1404 (ends on March 2026).

Furthermore, considering the undeniable significance of petrochemical industry in Iran’s resilient economy in the sanctions era, Iranian Oil Ministry and the country’s National Petrochemical Company (NPC) have been taking major steps to facilitate further development of this industry in recent years.

As a platform for showcasing the capacities and capabilities of Iran’s petrochemical industry, the International Exhibition of Plastic, Rubber, Machinery and Equipment (IRAN PLAST 2019) attracts hundreds of exhibitors, industry activists, traders and visitors from all over the world.

On the sidelines of this year’s exhibition, which is the 13th edition of the event, Tehran Times has conducted an interview with the Director of NPC’s Projects Ali-Mohammad Bosaqzadeh. What follows is a summary of this interview.

Source » mehrnews

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