Iran’s Petchem Production Capacity to Exceed 100 mln Tons by Yearend: NPC Chief

The chief executive of the National Petrochemical Company (NPC) said the country’s petrochemical production capacity will top 100 million tons by the end of the current Iranian calendar year (to end March 20, 2025).

News ID: ۸۴۱۶۴۱

12 May 2024

EghtesadOnline: Planning is underway to launch 15 small- and large-scale petrochemical projects in the country, according to which, the total number of Iran's petrochemical production units will reach about 80, Morteza Shahmirzaei noted.

With the coordination made in this regard, the petrochemical production capacity will cross 100 million tons by the end of the current year,  the NPC chief added.

Speaking on the sidelines of the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition dubbed “Iran Oil Show 2024”, he said that industrial and production units are prepared to materialize the objectives of the current year’s motto of “Production Jump” in the petrochemical sector.

The deputy oil minister added that today, the petrochemical industry tries to invest heavily in the upstream sector in order to provide its feedstock sustainably.

Moving towards indigenizing the petrochemical requirements should be put on the agenda of the holdings and petrochemical complexes, Shahmirzaei emphasized. / Tasnim