Iran to launch new petrochemical complex soon
The first phase of Ilam Petrochemical Complex located on the west of Iran will be inaugurated in the near future, the Shana News Agency reported.
The project was started in 2005 through investing $650 million plus 1 trillion rials. The complex is projected to produce 460,000 tons of ethylene and 120,000 tons of propylene per year.
Iran produced 14.3 million tons of petrochemicals in the first four months of the current Iranian year, which started on March 21, up 3.6 percent compared to the same period in the previous year, IRNA reported.
Some 5.5 million tons of the products, valued at 100 trillion rials (about $4 billion) were sold in the domestic market.
Iran's exported $3.157 billion worth of petrochemicals in the same period of time, down 12.5 percent year on year, according to Iran's customs administration office.
Iran exported 14.4 million tons of petrochemical products worth $10.1 billion in the previous calendar year (which ended on March 20).
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