1 August 2021 - 19:09
  • News Code: 319239
Golden Year of Petchem Industry not Repeatable: CEO

TEHRAN (Shana) -- The CEO of the National Petrochemical Company called the calendar year of 1399 a golden and unique year for the Iranian petrochemical industry, and said: Inauguration of 17 petrochemical projects and the 25mt increase in the country’s petrochemical production capacity in one year will not be repeated for this industry.

Behzad Mohammadi said on Sunday that even more projects were planned to come online during the year which had to be postponed due to the coronavirus outbreak in the country.

He described the year 1399, which ended on March 20, a golden and unique year for the Iranian petrochemical industry, and added: "In my opinion, these conditions will not be repeated for this industry."

The official further said that the projects came online with $11.4 billion of investment. “The industry now supplies 90 million tons of petrochemicals annually.”

News Code 319239

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