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Iran’s annual petchem production tops 74m tons
Speaking in the meeting to review the realization of the production leap strategy in the petrochemical industry, Bijan Chegeni noted that the production leap should be realized in the petrochemical industry in order to increase production of downstream industries, exports and forex of Iran.
The meeting was held on the sidelines of the Iran Oil Show 2024 on Friday.
Referring to the 74.3-million tons of petchem output that were produced with 79 percent of installed capacity in the country during 1402, he added the corresponding figures for installed capacity during 1401 and 1400 were 76 and 70 percent, respectively.
“The NPC Industries has a basic plan to eliminate as much as possible the three important factors of feed shortage, overhauling problems as well as process problems of the petchem industry, while it has not neglected other factors either.”
Following the drop in the global prices of petrochemical products, it is not a good solution to halt production, he stated, noting that the targets should be defined in such a way to move towards completing the value chain through production with inexpensive feed.
A sum of 20 petrochemical companies received 208 megawatts of electricity from the national power grid, as most of these companies have moved towards investing in the purchase of gas-fired power plants to become independent in power supply, Chegeni stated.