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Plant Generates $20m in Q1

Plant Generates $20m in Q1
(Saturday, July 24, 2021) 12:40

TEHRAN (NIPNA) -- The CEO of Bojnourd-based Khorasan Petrochemical Plant said its export revenue reached about $20 million in the first quarter of the current Iranian calendar year which began on March 21.

According to IRNA, Alireza Babazadeh said: "In total, in the spring of this year, the amount of chemical output of Khorasan Petrochemical Industrial Complex reached 257,000 tons, which has increased by 58% compared to the same period last year."

He added: "In the same period, about 160,000 tons of urea was produced in the industrial unit, which is 132% of its nominal capacity.”

The CEO of Khorasan Petrochemical Plant stated: The output surge in this industrial unit had caused a 35% increase in revenue and profits of the company compared to the projected plan, and this trend is expected to continue until the end of this year.”

Khorasan Petrochemical Company is the largest chemical production center in the north and northeast of the country, which was established in May 1992 in Bojnourd, the capital of North Khorasan Province, and was put into operation in June 1996. This complex is located 17 km from the main artery of Bojnourd-Shirvan and on an area of 200 hectares. It has ammonia, urea, melamine crystal and utility production units.

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