Speaking on the occasion of the petrochemical day, Behzad
Mohammadi said the projects will bring the county’s petrochemical production
capacity to 133 million tons per year from currently 66 mt/y.
He also said that the country’s petrochemical revenue would
reach 35 billion dollars per year and Iran would be the Middle East’s first country
in production of base petrochemicals.
“We have devised good plans for the 4th jump of the
industry which is aimed at strengthening the stability of the industry in all
dimensions,” he said.
Mohammadi, who is also the Deputy Minister of Petroleum for Petrochemical
Affairs said by reviewing the feedstocks that can be received from the oil
industry in the coming years and using basic products as feedstock, as well as
the import of petrochemical products and the needs of downstream industries, 30
strategic plans have been defined to achieve sustainable development in the
In other words, in the fourth stage of development, the
development of this industry is practically planned based on food inventory
until March 2026, he explained.
The Deputy Minister of Petroleum added by completion of the project,
Iran’s propylene production capacity will reach 4.5 million tons per year,
adding that three petrochemical holding companies have started operations in
By completion of the 7th development plan of the
country, Iran’s petrochemical production capacity will reach 150 million tons
per year and the sector’s revenue will cross $44 billion, he went on to add.
The NPC CEO said the second leap of the industry would reach
fruition with $80 billion of investment while the third-leap plans would come
on stream with $92 billion of investment. The 4th leap plans will
need $108 billion investment, he said.
Elsewhere in his address, Mohammadi said that so far 7 petrochemical
processes have been localized, which will reach 10 processes by March 2022.
Also, in the field of localization of catalysts as a vital
and expensive material required by the industry, Iran’s share of the global
catalyst market is estimated at $270 million, of which 20 types have been
localized so far and 16 types will be localized by March 2022.