Iran’s National Petrochemical Company (NPC) will commission 11 petrochemical plants by March 2022, increasing the country’s petrochemical output to 100 million tons per annum (Mtpa), Iran’s Press TV reported on Monday citing Amir Vakilzadeh, NPC Head for projects and planning.
NPC Senior Official noted that the current petrochemical capacity stands at 90 Mpta.
Vakilzadeh said the completion of 11 projects would add some $4 billion to Iran’s annual revenues from the petrochemical sector.
Current figures show that Iran earns around $17 billion a year from sales of petrochemical products to domestic and foreign customers, according to the report.
NPC, a subsidiary to the Iranian Petroleum Ministry, is owned by the government of Iran. It is responsible for the development and operation of the country's petrochemical sector.