New petrochemical plants underway in Iran

Published on October 27, 2018

According to Iranian minister around 30 projects in the petrochemical sector are currently under construction throughout the country with the aim of completing the petrochemical value-chain.

More than half of the projects are based near the southern strategic port of Chabahar near the Sea of Oman and on Qeshm Island in the Persian Gulf.

“Completion of the petrochemical value-chain is one of the main policies of the National Petrochemical Company, and this issue has become more prominent in recent years,” the official said.

NPC’s projects director further added that many of the projects, including Lordegan Petrochemical Unit, Olefin Project in Ilam, Miandoab Petrochemical Plant, Kaveh Methanol Unit and Phase 1 of Bushehr Petrochemical Plant are over 90% complete.

The development of such projects are vital for fulfilling Iran's desire to expand the petrochemical industry.

The industry has achieved continuous growth in the past five years, such that petrochemical complexes have increased from 43 plants to 53, installed capacity has reached 64.9 million tons per annum from 59.8 million tons.

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