Petchem nameplate capacity tops 92m tons: NPC
Iran’s petrochemical production capacity, which was at a pretty low level at the beginning of the Islamic Revolution, has now soared to over 92 million tons per year thanks to great efforts of domestic experts, said National Petrochemical Company (NPC) managing director on Tuesday.
Morteza Shahmirzaei, who made the remarks at a press conference at the 17th IranPlast International Exhibition, added the petrochemical industry is the most developing industry in the world and ranks first, Shana reported.
The completion of petrochemical industry’s value chain is not just a motto, but a task, plan, and duty as an inviolable strategy, noted the official.
The country’s petrochemical industry was 100 percent dependent in the pre-revolution era, while Iran is now self-sufficient in most sectors, including catalysts, products, equipment, commissioning, and producing, said Shahmirzaei.
He added that Iran’s incumbent administration has signed memorandums of understanding (MoUs) on investment in the oil industry worth tens of billions of dollars, of which some were put into action and some are pending.
Development plans for completing petrochemical industry’s value chain and setting up new plants with the aim of diversifying products have been outlined, said the deputy oil minister.
A handful of petrochemicals were produced in Iran at the beginning of the Islamic Revolution, but now 550 grades of petrochemicals are produced and supplied to domestic and foreign clients, he concluded.