4 August 2020 - 16:05
  • News Code: 305733
Iran to add 4 mt to Annual Petchem Output by Weekend

TEHRAN (Shana) -- The CEO of the National Petrochemical Company said Iran would launch 3 major petrochemical projects by Thursday which would add 4 million tons to the country’s annual petrochemical production capacity.

These projects include Kaveh Petrochemical, Kimia Pars Middle East and Lorestan Catalyst projects, with a total of $1.57 billion of investments.

According to IRNA, Behzad Mohammadi, stating that in the second leap of the country's petrochemical industry, 27 projects have been defined that will be put into operation by the end of 1400 (March 2022), continued: “17 projects from this basket will be put into operation by the end of this calendar year.”

He said by inauguration of all the projects in the second leap, Iran’s petrochemical production capacity would reach 100 million tons per year from currently 66 mt/y.

News Code 305733

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