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CEO says Last Year not Repeatable for Petchem Industry

CEO says Last Year not Repeatable for Petchem Industry
(Sunday, August 1, 2021) 19:10

TEHRAN (NIPNA) -- The CEO of the National Petrochemical Company called the calendar year of 1399 a golden and unique year for the Iranian petrochemical industry, adding the year would not be repeated for the industry.

Behzad Mohammadi said inauguration of 17 petrochemical projects and the 25mt increase in the country’s petrochemical production capacity in one year will not be repeated for this industry.

He said on Sunday that even more projects were planned to come online during the year which had to be postponed due to the coronavirus outbreak in the country.

The official described the year 1399, which ended on March 20, a golden and unique year for the Iranian petrochemical industry, and added: "In my opinion, these conditions will not be repeated for this industry."

He went on to say that the projects came online with $11.4 billion of investment. “The industry now supplies 90 million tons of petrochemicals annually.”

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