Petchem Export Revenue to Grow 46%
Iran's petrochemical exports significantly
contribute to non-oil economy.
Statistics show that after crude oil, the
petrochemical sector remains a key source of
income in Iran. The share of petrochemical
exports from Iran's non-oil products has
reached 33%. The figure is expected to
reach 35% soon. The CEO of Iran's National
Petrochemical Company (NPC), Behzad
Mohammadi, told at the Iran Oil Show that
after the inauguration of 18 petrochemical
projects by 2021, Iran's revenue from
petrochemical exports will grow 46% to $25
billion. He said the petrochemical industry
was a key economic sector, adding that
revenues from this sector were very important
for Iran. Mohammadi said that oil and gas
refineries and LNG projects were supplying
about 25.3 million tonnes of feedstock, twothirds
of which was gas feedstock and onethird
liquid feedstock. He said a total of 55
petrochemical plants were operational in Iran,
receiving 25.3 million tonnes of feedstock.
He added that there were two petrochemical
hubs in Iran, one in Mahshahr and one in
Assaluyeh. Mohammadi said Assaluyeh was
home to 16 petrochemical plants, Mahshahr
had 20 while 19 petrochemical plants were
located in other parts of the country
18 Petchem Groups
Mohammadi said: "We are producing 18
groups of polymer products. There are about
300 grades of polymer products and 44 tonnes
of chemicals in this industry."
He said Iran had 31 million tonnes of
petrochemicals on sale adding: "Of this 31
million tonnes of petrochemicals, 22.5 million
tonnes are exported to various countries and
8.5 million tonnes supplied domestically, and
4.7 million tonnes traded on the exchange."
"We earn $17.1 billion from selling 31 million
tonnes of petrochemicals, $12.1 billion of
which is from exports and $5 billion from the
products traded on the exchange," he said.
30 Destinations
The NPC chief said Iran's petrochemical
products were destined to 30 nations
in Europe and Asia. "There are several
hundred customers from across the globe,"
he added. Mohammadi said a low-density
polyethylene production plant would come
online in Lorestan Province in the current
calendar year, adding that Iran would be
producing 12 methanol brands by 2025.
He said that in addition to the technical
knowhow for catalyst production, Iran had to
look for technical savvy of special process.
"The NPC will be preset in the MTP plant
to hedge investment risks because the
polypropylene produced from methanol
would be instrumental in job creation in the
petrochemical industry," he added