Iran to add 1.2m tonnes of polymer capacity - NPC
07 January 2008 10:40 [Source: ICIS news]
DUBAI (ICIS news)--Iran will add 1.2m tonnes/year of capacity split between the Jam Petrochemical and Arya Sasol complexes when they become fully operational by the end of the Iranian calendar year on 19 March, National Petrochemical Co (NPC) said on Sunday.
NPC deputy Reza Afshin added the annual polymer output of the country would stand at 5m tonnes in the first half of the next Iranian year when all its projects come on stream.
Iran would then stop importing raw materials for rubber and plastic products, the official said, adding the permits for increasing downstream capacity to 13m tonnes/year had been issued.
Oil Minister Gholamhossein Nozari said President Mahmoud Ahmadinejad would attend the export-focused Arya Sasol's inauguration in the near future. The complex is more than 97% complete.
The Arya Sasol Petrochemical Complex (Olefins 9) is a joint venture of NPC and South Africa's Sasol at the Pars Special Economic Energy Zone (PSEEZ) in the south.
The country’s overall petrochemical production capacity is 32 million tonnes/year and the figure is expected to touch 45m tonnes/year by the end of NPC's first five-year plan in 2010 through an investment of $12.5bn in 24 petrochemical projects.
NPC production has more than triped to 15m tonnes/year since 1991.
By: Abdelghani Henni
65 6780 4359
< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 29 Oct 2009)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Links posted in this story:
|
|
Related Articles
- 08 Apr 08 04:17 Jam PP to start commercial production by May
- 11 Mar 08 17:41 INSIGHT: Sasol getting there in chems and liquids
- 18 Feb 08 10:31 Jam achieves on-spec output at Assaluyeh cracker
- 30 Jan 08 09:25 Laleh begins trial Bandar Imam LPDE production
- 11 Jan 08 04:00 Jam cracker to achieve on-spec output by end-Mar
- 10 Jan 08 12:12 Arya Sasol delays start-up of PE plants again
- 07 Jan 08 17:55 Europe producers raise PP, PE prices
- 07 Jan 08 14:28 LME Plastics: All regions push higher
- 03 Jan 08 08:23 Iran's Mehr Petrochemical to boost plastics output
- 17 Dec 07 09:16 Iran's Jam delays Assaluyeh cracker by 3-6 months
- 14 Dec 07 16:01 On-spec C2 confirmed at Iran's Arya Sasol
- 11 Dec 07 10:52 Arya Sasol cracker 100% on-spec at Assaluyeh
- 06 Dec 07 03:50 Laleh delays Iran LDPE start-up to Jan 2008
- 05 Dec 07 10:02 Arya Sasol’s LDPE start-up delayed to January 2008
- 13 Sep 07 12:42 Iran’s NPC rubber stamps contracts for PE exports
- 12 Sep 07 17:53 INSIGHT: New liquid opportunities for Sasol
- 30 Aug 07 08:57 Middle East polymers to continue bull run
- 13 Aug 07 06:53 Iran’s Farsa seeks spot C2 to start new MEG unit
- 08 Aug 07 11:49 Iran's Jam to start up HDPE in Q4, before cracker
- 09 Jul 07 08:42 Jam to begin Assaluyeh trial production in Q3
Latest News
- 24 Nov 09 23:45 Corrected: US propylene producers propose 6-7 cent/lb Dec increase
- 24 Nov 09 23:26 EVENING SNAPSHOT - Americas Markets Summary
- 24 Nov 09 23:25 US MPG outlook looking stronger - producers
- 24 Nov 09 23:24 Southern Chem posts 7 cent hike for Dec N America methanol
- 24 Nov 09 23:22 US Gulf caustic soda trades sparse on buyer-seller differences
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential