News Code : 42854

Iran's petrochemicals output will increase 70% in two years and revenues from the sector will rise by 46% by 2021, managing director of the National Petrochemical Company said.

“Nominal capacity of the petrochemical industry is 64 million tons a year. This will reach 94 million tons within two years,” ISNA reported Behzad Mohammadi as saying.

However, since not all plants operate at full capacity due to periodic overhauls, the real output is less.

A total of 55 petrochemical companies across Iran annually produce 55 million tons of products for the domestic and international markets.

 

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