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Iran to Launch 1 Petchem Plant per Month from Jan. 2020 to March 2021

Iran to Launch 1 Petchem Plant per Month from Jan. 2020 to March 2021
(Wednesday, January 1, 2020) 18:08

TEHRAN (NIPNA) – The CEO of the National Petrochemical Company (NPC) said the country would witness inauguration of a petrochemical plant per month on average from January 2020 through March 2021.

Behzad Moahmmadi, announcing that for the first time polypropylene production from natural gas was being carried out by Iranian technical savvy, adding: “From January 2020 to the end of the next [calendar] year (which ends on March 20 2021), a petrochemical complex will be launched every month.”

He further said that 56 petrochemical plants were operating currently in the country which supplied 54 mt/y of petrochemicals annually.

“This figure will reach 100 mt/y by 2021 and over 133 mt/y by 2025,” he said.

“The total investment volume in the sector will jump from $53 billion currently to $70 billion in the year 2021 and $90b by 2025,” he added.

Elsewhere in a meeting with the visiting Iranian President, Hassan Rouhani, on Monday, Mohammadi said National Petrochemical Company to eradicate deprivation and create jobs in West Islamabad, had planned to construct a polypropylene from natural gas (GTPP) plant which would consist of a methanol unit with a capacity of 660,000 tons/year, a PVM unit with 120,000 tons/year of production capacity and a polypropylene unit with 120,000 t/y of production capacity with the participation of the private sector.

He further said that the technical savvy for developing the plant was mastered domestically for the first time in the country.

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