Gholamreza Jokar said the company has registered 75% productivity this year which is expected to reach 100 percent next calendar year, NIPNA reported.

The rise will be made possible by increased feedstock supply to the plant, he said.

The company is also seeking to increase it ethylene production capacity by 30% to bring it from 500,000 tons per year to 650,000 tons/year.

A major Monoethylene Glycol (MEG) supplier in Iran, the plant exports 95% of its MEG output to the Asian market and the rest to the Turkish and European markets, he added.