"By creating new petrochemical complexes in the country around 9.5 million tons of petrochemical have been added to the output of the industry," Zangeneh said on Saturday, addressing the opening ceremony of a petrochemical complex in Western Iran.
The Iranian oil minister reiterated that the value of the products of these petrochemical complexes hit $5.5 billion which is quite noticeable.
The Iranian government has commissioned several petrochemical complexes in different areas of the country such as Lorestan, Urmiya, Mahabad, new phase of Marvdasht, Karoun, Takht-e-Jamshid, Morvarid, Marjan, Pardis and Kavian II.
In relevant remarks in early March, a senior energy official disclosed that the National Iranian Petrochemical Company (NIPC) is planning to inaugurate several new projects in the current Iranian year (started March 21).
"NIPC inaugurated six new petrochemical projects in the last Iranian year (ended March 20), and it plans to bring seven more plans to stream," NIPC's Director of Production Control Ali Mohammad Bosaqzadeh said.
He reiterated that sulfuric acid unit of Urmia Petrochemical Plant, low-density and heavy linear polyethylene of Mahabad and Lorestan complexes, urea and ammonia units of Shiraz Petrochemical Company, Phase 2 of Karoun complex as well as Persepolis Petrochemicals came on stream in the current year.
"The new projects had added a total of 3.1 million tons to the country's output capacity for petrochemical and polymer products," Bosaqzadeh added.
He said that low-density polyethylene unit of Kurdistan with an annual production capacity of 300,000 tons, Phase 3 of Pardis Petrochemical Company with an output capacity of 1.755 million tons of urea and ammonia as well as Kaveh Methanol Petrochemicals with a capacity of 4.365 million tons per year will start work this year.
“Moreover, four more new petrochemical projects will be also become operational, including ethylene glycol unit of Morvarid Petrochemical Company with an annual output capacity of 550,000 tons, expansion polystyrene unit of Entekhab Petrochemical complex with a capacity of 250,000 tons per year, Pars Persepolis Petrochemical plant as well as Phase 2 of Kavian Petrochemical Company with an annual capacity of one million ton of ethylene."
Iran is presently capable of producing 62 million tons of petrochemical and polymer products per year though the figure is expected to surpass 120 million tons once the new projects begin operation.
