NPC estimates Iran’s yearly petchem shipment to reach USD18B…

(MENAFN) Iran’s yearly cargo of petrochemicals is estimated to hit USD18 billion within the ongoing Iranian calendar yr (ends on March 20, 2023), the chief director of Nationwide Petrochemical Firm (NPC) introduced.

Morteza Shahmirzaei acknowledged that proper now, the petrochemical space has the largest added worth within the oil trade chain.

The official additionally put the nation’s yearly petrochemical output quantity at 90 million tons.

He acknowledged that “Some merchandise weren’t thought of within the earlier durations and we had been confronted with their import at the price of 5 billion {dollars}” including, “The merchandise of the propylene chain are of particular significance and embrace 70 p.c of the overall petrochemical imports. To scale back the dependency, the petrochemical firm has targeted on the event of worth chain initiatives.”

He went on to say that provision of propylene is important for the availability of feed for this chain, and presently the output quantity of propylene is a million tons a yr, and the nation’s want is larger than this quantity.

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