20 September 2010 04:59 [Source: ICIS news]
TEHRAN (ICIS)--Iran's Petrochemical Commercial Co (PCC) has strong hopes that China, its major export market, will continue to grow its plastics consumption over the long term, a company official said late on Sunday.
Y Mosafer, PCC planning and IT director, said that China's per capita consumption of plastics could double by 2025 from the current 19kg due to the rapid growth of the country's urban population.
China took in 27.8% of the 7.2m tonnes of chemical and petrochemical products that PCC exported in the first six months of the Iranian calendar year beginning 21 March 2010, Mosafer said.
PCC targets to export 13m tonnes of chemicals and petrochemicals for the full Iranian calendar year, valued at $7bn, he said.
With additional reporting by Prema Viswanathan
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