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Polymer Production Soars to 11 Million Tons in Just Two Years

Polymer Production Soars to 11 Million Tons in Just Two Years
(Wednesday, September 20, 2023) 11:09

TEHRAN (NIPNA) - The CEO of the National Petrochemical Company (NPC) revealed in a press conference held on the third day of the 17th IranPlast Exhibition that a remarkable achievement was on the horizon: Iran's polymer production capacity is set to reach an impressive 11 million tons by the conclusion of the 13th administration, as part of a meticulously planned trajectory.

Morteza Shahmirzaei provided insights into the current state of Iran's petrochemical industry, stating that the installed capacity stands at a formidable 92 million tons, with actual production at a commendable 72 million tons. However, he highlighted that the actual production figures often deviate from the installed capacity due to factors such as industry expansion, supply chain challenges, economic fluctuations, and extensive maintenance projects. In 2021, Iran's petrochemical industry successfully delivered 65.4 million tons despite these complexities.

Shahmirzaei elaborated on the year 2022, explaining that, due to significant maintenance activities and winter supply challenges in more than 22 provinces with cold climates, the industry, despite an installed capacity of nearly 90 million tons, achieved an actual production of around 70 million tons.

The NPC CEO also revealed that the country currently produces approximately 8.8 million tons of polymers. According to the 7th development plan, polymer production capacity is set to surge to a staggering 19 million tons, with all expansion endeavors being undertaken by the private sector.

This ambitious growth trajectory underscores Iran's commitment to the petrochemical sector's development, positioning the nation as a significant player in the global polymer market in the coming years.

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