19 January 2020 - 19:02
  • News Code: 297869
Pars Petchem Plant Plans to Smash Output Record

TEHRAN (Shana) – Pars Petrochemical Complex announced it would break its production record by the end of the current Iranian calendar year to March 20.

According to the National Petrochemical Company (NPC), the plant’s output in the first 9 month of the year grew by 8.5% year-on-year, the company said in a statement of performance.

According to the statement, growth was 8% at the ethane unit, 9% at the propane unit and 11.8% at the butane unit of the complex.

The benzene unit of the plant grew 33.9% y/y and the styrene monomer unit witnessed a 33.1% growth in output.

Back in 2016, the plant’s production capacity was 4.006 million tons per year which is expected to reach 4.15 mt by March 2020; a new record in the plant’s productivity.

The ethane output of the plant, which is fully consumed domestically, has also grown 11% year-on-year during the 9 months.

Butane’s domestic sales rose by 64 percent year-over-year, while toluene benzene’s sales rose 14 percent. Overall, domestic sales of the factory’s output increased by 11.5%.

The petrochemical company has also reported a dramatic increase in its exports: despite the tightening of sanctions, exports in the first 9 months of the year increased significantly in terms of hard currency and volume over the same period last year and even exports of one item has increased 2.5 times.

News Code 297869


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