Iran will inaugurate 15 new petrochemical projects by March 2017.
Marzieh Shahdaee, Director of the National Iranian Petrochemical Company’s plans, said this will boost the country’s petrochemical capacity by ۸.۵ million metric tons.
“There are 60 petrochemical plans underway in the country, " she said, adding that plans which are over 60 percent complete are main priority. She said the mentioned plans require $33.4 billion worth of investment to come on stream.
Seven petrochemical units, with a total capacity of 2.7 million tons, will come on stream by March 2016, she added.
The country has exported some 12 million metric tons of petrochemicals so far.
Iran plans to increase the number of its petrochemical units to 100 and the value of petrochemical exports to $70 billion over the course of 10 years, he said.
Iran’s petrochemical output has exceeded 40 million metric tons since the beginning of 2014.
