Iran’s petrochemical chief says $4.2b will be invested in self-sufficiency projects

SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director on Thursday said $4.2 billion will be invested in domestic projects to attain self-sufficiency and complete the industry’s value chain.

Morteza Shahmirzaei added, “In addition to identifying opportunities and offering projects for investment, NPC has conducted a thorough study on the petrochemical industry’s value chain, launching 20 project packages for producing propylene, methanol, ethylene, aromatics, and butylene.

He put the projects’ annual nominal capacity and production value at 3.8 million tons and $4.4 billion.

Based on their access to necessary feedstock, domestic holdings have been informed of the projects, said Shahmirzaei, concluding some holdings have received permits for making investment in the projects.

News ID 633145


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