Iran's petrochemical production capacity rising

Head of the National Petrochemical Company Abdolhossein Bayat said that Iran exported $14.2 billion worth of petrochemical products last year, adding that the country's petrochemical production capacity will definitely rise after commissioning several petrochemical projects this year. Bayat said many customers of Iran's petrochemicals are willing to sign 15 to 25 year contracts due to high quality of the petrochemicals produced in Iran. A number of petrochemical projects are due to come on line this year. These projects include NF3 unit of Bandar Imam Khomeini petrochemical complex, olefin-1 and olfin-2 in Kavian petrochemical complex's, PVC plan in Hegmataneh petrochemical complex, Kermanshah petrochemical complex's heavy polyethylene, the first phase of Damavand power plant, the first phase of ethylene pipeline in West of the country and a number of other projects. By launching these projects it is expected at least 3600 jobs will be created and production capacity of petrochemical products will increase by more than 8 million tons. Since 2005, when President Mahmoud Ahmadinejad ascended to power, 38 petrochemical plans have been launched leading to rising production of petrochemical products from 20 million tons to 54 million tons per year. Iran's petrochemical products are exported to more than 60 countries across the world.