Iran boosts petrochemical products’ export

Iran’s government-owned Pars Petrochemical Plant has increased the volume of its exports by 21.5 percent, the company’s CEO, Massoud Hassani, has said.

"Exports of Pars Petrochemical Plant products have increased by 21.5 percent over the last eight months of the current Iranian year (March 20-November 21) compared to last year's corresponding period," he said.

Hassani said that the process of production and export of Pars Petrochemical Plant has improved considerably in comparison with 2018.

He pointed stressed that the company was planning to produce more value-added product items from styrene monomer other than usual polystyrene.

In addition, as many as 34 petrochemical projects have achieved more than 20 percent progress. Once these projects are completed, Iran's petrochemical production will grow to 75 million tons by March 2022. If new petrochemical projects are no longer launched, existing projects’ production will exceed 100 million tons by March 2026.

Iran exports its petrochemical products to dozens of countries in different parts of the world. As many as 13 percent of products are exported to the Indian subcontinent, 23 percent to the Southeast Asia countries, 22 percent to China, 18 percent to the countries of the Far East, 5 percent to Europe and 19 percent to the Middle East.

An important feature of Iran’s petrochemical industry is the country's favorable geographical location and good access to Asian and European markets, as well as free seas, which makes it easier and cheaper to export and transport.