Iran to Launch Petchem Projects by March 2021

The deputy minister of petroleum for petrochemical affairs said a total of US$11.5 billion worth of projects would be launched in Iran by the end of the current Iranian calendar year to 20 March 2021.

Speaking on Tuesday, Behzad Mohammadi said the projects would add 25 million tons to the country’s annual production capacity and bring it to 90 million tons per year. He described the current calendar year as the golden year for the petrochemical industry, saying 17 projects were planned to come online in the year with US$11.5 billion of investment.

The first of these projects was Miandoab Petrochemical Project which came on stream last week. - Shana