24 May 2012
The capacity of petrochemical units will double by the end of Fifth Five Year Economic Development Plan (2010-15), said an official at the National Petrochemical Company of Iran (NPC).
Ahmadreza Heydarnia told IRNA on Wednesday that NPC is implementing 70 petrochemical projects across the country, some of which are in the phase of conducting feasible studies, others still in preliminary stages such as land purchase and environmental studies and the other ones in pre-launch stage.
Once the banking bureaucracies decrease and banks cooperate more, a majority of the projects will be completed by the end of Fifth Plan, he predicted.
Deputy Oil Minister and Managing Director of the Iranian Petrochemical Industries Companies (IPIC) Abdol Hussein Bayat had earlier said that with constructing and completing the new units, the share of petrochemical industries will raise in nonoil exports.
He predicted that the petrochemical share will rise to 46 percent from 44 percent by the end of current Iranian year (March 2013).
NPC, with 44 percent share, plays a great role in economic growth of the country.
The share of petrochemicals in nonoil exports reached 25.4, 39.6, 42.8, and 43.5 percent respectively in 2006, 2007, 2008, and 2009.
Also, the share of petrochemicals in the country's entire exports reached 33.4, 51.5, 52.4, and 53.8 percent in 2006, 2007, 2008, and 2009.
On Monday, President Mahmoud Ahmadinejad initiated three major petrochemical projects in the southwestern province of Khuzestan.
The polyvinyl chloride (PVC) production line at the Arvand Petrochemical Complex became operational on Monday during a ceremony at the Mahshahr Petrochemical Special Economic Zone in the presence of President Ahmadinejad.
The new PVC production line in the Arvand Petrochemical Complex will increase Iran's annual PVC production capacity by 340,000 tons.
Iran has invested about $1.6 billion in the Arvand Petrochemical Complex since it began developing the project in 2003.
The Arvand Petrochemical Complex produces 2.834 million tons of various petrochemical products each year, which are used as feedstock in the downstream sector such as detergents, papers, textiles and healthcare industries as well as solvents for resins and waxes.
The oxygen and nitrogen production line at the Maroon Petrochemical Plant also came on stream with an expenditure of more than $14 million.
The plant can produce 14,000 cubic meters of oxygen and nitrogen per hour.
Meanwhile, the second liquids loading pier at Mahshahr Petrochemical Special Economic Zone was launched in the presence of President Ahmadinejad.
The pier, constructed with an expenditure of some $55 millions, has the capacity to load and off-load 1.6 million tons of petrochemical products per year.
The capacity of petrochemical units will double by the end of Fifth Five Year Economic Development Plan (2010-15), said an official at the National Petrochemical Company of Iran (NPC).
Ahmadreza Heydarnia told IRNA on Wednesday that NPC is implementing 70 petrochemical projects across the country, some of which are in the phase of conducting feasible studies, others still in preliminary stages such as land purchase and environmental studies and the other ones in pre-launch stage.
Once the banking bureaucracies decrease and banks cooperate more, a majority of the projects will be completed by the end of Fifth Plan, he predicted.
Deputy Oil Minister and Managing Director of the Iranian Petrochemical Industries Companies (IPIC) Abdol Hussein Bayat had earlier said that with constructing and completing the new units, the share of petrochemical industries will raise in nonoil exports.
He predicted that the petrochemical share will rise to 46 percent from 44 percent by the end of current Iranian year (March 2013).
NPC, with 44 percent share, plays a great role in economic growth of the country.
The share of petrochemicals in nonoil exports reached 25.4, 39.6, 42.8, and 43.5 percent respectively in 2006, 2007, 2008, and 2009.
Also, the share of petrochemicals in the country's entire exports reached 33.4, 51.5, 52.4, and 53.8 percent in 2006, 2007, 2008, and 2009.
On Monday, President Mahmoud Ahmadinejad initiated three major petrochemical projects in the southwestern province of Khuzestan.
The polyvinyl chloride (PVC) production line at the Arvand Petrochemical Complex became operational on Monday during a ceremony at the Mahshahr Petrochemical Special Economic Zone in the presence of President Ahmadinejad.
The new PVC production line in the Arvand Petrochemical Complex will increase Iran's annual PVC production capacity by 340,000 tons.
Iran has invested about $1.6 billion in the Arvand Petrochemical Complex since it began developing the project in 2003.
The Arvand Petrochemical Complex produces 2.834 million tons of various petrochemical products each year, which are used as feedstock in the downstream sector such as detergents, papers, textiles and healthcare industries as well as solvents for resins and waxes.
The oxygen and nitrogen production line at the Maroon Petrochemical Plant also came on stream with an expenditure of more than $14 million.
The plant can produce 14,000 cubic meters of oxygen and nitrogen per hour.
Meanwhile, the second liquids loading pier at Mahshahr Petrochemical Special Economic Zone was launched in the presence of President Ahmadinejad.
The pier, constructed with an expenditure of some $55 millions, has the capacity to load and off-load 1.6 million tons of petrochemical products per year.
© Iran Daily 2012
