Iran’s petchem feedstock to reach 1.7m bpd by 2025
Managing Director of Iran’s National Petrochemical Company (NPC) said the feedstock allocated to petrochemical complexes is going to reach equal to 1.7 million barrels per day (bpd) of oil by 2025, Shana reported.
Behzad Mohammadi made the remarks on the last day of Iran Plast 2019 international exhibition in Tehran on Wednesday.
He told reporters that currently about 33 million tons of feedstock (equal to 650,000 bpd of oil) is being supplied to petrochemical plants operating in the country on an annual basis.
By realization of the second leap in the petrochemical industry, 62 million tons per year of feedstock (equal to 1.4 million bpd of crude oil) will be supplied to the sector by 2021, he added.
“This figure will reach 1.7 million bpd by 2025 when the third leap in the industry is realized.”
The official said nearly 1,000 jobs are created in the industry for every ton of production growth. However, with 66 million tons per year (mtpy) of production capacity in the industry, 108,000 jobs have been created in the sector in Iran.
He noted that the number of jobs created in petrochemical industry’s downstream sector is very significant, adding that “for every ton of production in the downstream sector, 170,000 jobs are generated.”
Mohammadi further said that 31 million tons of salable data-x-items are produced in the upstream sector of the petrochemical industry of Iran, adding 22.5 mtpy of data-x-items (roughly 70 percent of the country’s output) is exported.
The 13th Iran Plast international exhibition began on Sunday, September 22 and rounded up on September 25 at Tehran’s Permanent International Fairgrounds.
source: Tehran Times
Related News
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
