15 January 2020 - 17:00
  • News Code: 297733
Iran Catalyst Output to hit $125m by 2021

TEHRAN (Shana) – Iran’s catalyst output will reach a total of $125 million by 2021, the CEO of Petrochemical Research and Technology Company (PRTC) said.

Ali Pajouhan told a ceremony to officially launch the second phase of Takt Jamshid Petrochemical Plant on Tuesday that PRTC concerned developing the savvy to produce petrochemical products and the items needed for producing them like catalyst, strategic chemical items, etc.

He added that the petrochemical industry of Iran consumed 40 catalyst groups worth about $260 million annually. “Of these catalysts 16 groups valued at 105 million dollars have been localized in Iran.”

He further said that 9 other groups with a value of 110 million dollars would be localized by March 2022.

The remaining catalyst groups are not considered strategic and are not widely used in the industry, he said.

He pointed to contracts made in collaboration with HNT Knowledge-based Holding Companies, adding the catalysts for ammonia synthesis, methanation, low and high temperature water-gas transfer, methanol synthesis, natural gas dry reforming and ethylene oxide catalyst are covered in the contracts.

News Code 297733


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