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(ICIS) -- Iran plans to raise its
petrochemical capacity to 100m tonnes/year by 2015, a source at state-owned oil
and petrochemical major National Petrochemical Co (NPC) said late on Sunday. The
source was speaking on the sidelines of the two-day Iran Petrochemical Forum
which ended on 22 May. “Around 70m tonnes of this total capacity will be NPC's
contribution. The rest will be accounted for by private companies in Iran,” the
source said.
The products being looked at are methanol, ethylene, urea, polymers and
aromatics (see table below). The current installed capacity is around 51m
tonnes/year, he added.
In 2011 alone, NPC is looking at petrochemical projects totalling 8m
tonnes/year, he said. But some industry sources said they think NPC may not be
able to achieve its expansion target on time because of the difficulties in
obtaining the technology and financing.
mrcplast.com
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