Saeid Baghbani also projected that the sector’s revenue this year would reach $23.6 billion.  

Baghbani noted that the industry’s nominal capacity increased by about 2 million tons last year, adding that further expansion is anticipated in 1404 as new projects come online.  

Petrochemical output in 2024 reached 74.9 million tons, or 92% of the production target, against a nominal capacity of 96 million tons—representing 78% utilization.  

Several petrochemical complexes, including Mahabad, Miandoab, Kermanshah Polymer, Lorestan, Nouri, Bu Ali Sina, Arya Sasol, Ghadir, and Takht-e Jamshid Pars, exceeded their nominal production capacities.  

Baghbani said the 9-million-ton capacity increase in 1404 is expected to generate $23.6 billion in revenue, based on an exchange rate of 66,000 tomans per dollar.  

He emphasized the petrochemical sector’s critical role in Iran’s economy, supplying diverse products and supporting downstream industries. Seventeen new projects are set to launch this year, further diversifying production.  

Baghbani outlined key objectives for 1404, including improving capital efficiency, boosting productivity, sustaining output, securing feedstock, optimizing processes, and enhancing collaboration among petrochemical holdings and companies to ensure stable production.