Publishe Date: 8:47 AM - 9/3/2014 | Print

Iran Petchem Sector to Focus on Propylene

Economy - Iran’s petrochemical industry is to focus on increasing propylene production over the coming eight years, a top petrochemical official said.

Mohammad-Hassan Peyvandi, deputy head of National Petrochemical Company, said methanol produced in the Special Economic Petrochemical Zone is planned to be converted into propylene, the oil ministry's website reported.

“To that effect, we will use all potentials in the zone in order to have a developed and active zone,” he said.

Peyvandi said Iran has to increase its propylene production to match its ethylene and polyethylene output.

He said that downstream petrochemical industries need propylene.

Peyvandi also said that supplying feedstock to petrochemical plants is a priority of Iran’s petrochemical sector in the coming years.

Iran Petrochemical Commercial Company (IPCC) exported 838 million dollars worth of petrochemicals during the first four months of the current calendar year which started on March 21.

The exported products, weighing 831,000 tons, mainly included propane and butane.

Iran produced 40 million tons of petrochemicals in the last calendar year, with 9 billion dollars worth of its products being exported.

The country plans to increase its petrochemical exports to 12 billion dollars this year.
 

Tags: Economy -
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