Iran petrochemical capacity to double in next decade

Tehran, IRNA – Capacity of Iran’s petrochemical industry will have over twofold increase within next ten years, a senior Iranian official announced on Wednesday. Morteza Shah-Mirzaei, Managing Director of National Iranian Petrochemical Company, made the remarks at the opening ceremony of the 2022 international plastic and machinery exhibition “IranPlast” underway in Tehran. Capacity of petrochemical production in the country will witness 200 million tons in a year in next decade, the official underlined. Despite the Iraqi imposed war against Iran in 1980-88 and the crippling sanctions on the country, petrochemical industry is growing with speed in Iran, Shah-Mirzaei said. The official, who is also deputy petroleum minister, said all petrochemical products will be manufactured in the country within next ten years thanks to Government’s planning. “Iran’s petrochemical industry is one of the most secure industries in the world.” Follow us on Twitter @IrnaEnglish