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News > Iran’s annual petchem output to rise 8.4m tons by Mar. 2016


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Iran’s annual petchem output to rise 8.4m tons by Mar. 2016

Iran’s annual petchem output to rise 8.4m tons by Mar. 2016

The figure is achieved by completing 15 semi-finished petrochemical units in the country, National Iranian Petrochemical Company (NIPC) Managing Director Abbas She’ri-Moqaddam said on Monday. 
 
He made the remarks in the 50th establishment anniversary of NIPC.
 
In June 2014, She’ri-Moqaddam said Iran plans to boost annual petrochemical production capacity to 180 million tons from around 60 million tons currently. 
 
He said once semi-finished petrochemical projects are completed and a number of planned petrochemical units come on stream, the country’s petrochemical output will be increased to 180 million tons per year.
 
However, he did not set a specific date by which the goal would be realized.
 
“The finance required to implement the projects is planned to be secured through attracting foreign investment,” he added. 
 
The official said that by implementing four petrochemical plans, worth $41 billion, Iran’s annual petrochemical output will witness a two-million-ton growth in the current Iranian calendar year, which will end on March 20, 2015.
 tehrantimes.com


17:14 - 20/01/2015    /    Number : 323694    /    Show Count : 94



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