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10 million tons jump in the production capacity of the petrochemical industry

10 million tons jump in the production capacity of the petrochemical industry
Iran's petrochemical production capacity has increased about 10 million tons since the beginning of this year with the operation of six petrochemical projects, which plays an important role in achieving a leap in production and neutralizing sanctions. The petrochemical industry in Iran requires far less capital to start up however it can bring higher added value which shows Iran's petrochemical production is one of the most important elements in oil industry.
Iran's petrochemical production capacity has increased about 10 million tons since the beginning of this year with the operation of six petrochemical projects, which plays an important role in achieving a leap in production and neutralizing sanctions. The petrochemical industry in Iran requires far less capital to start up however it can bring higher added value which shows Iran's petrochemical production is one of the most important elements in oil industry.
Therefore, the development of this industry in various upstream, intermediate and downstream sectors has been seriously considered in recent years, and the second and third petrochemical jumps have been defined to achieve greater production capacity and revenue.
Although this industry is less old compared to other oil and gas industries, but it has approached fast enough to latest technologies in the world.
According to the plans of the second leap in the petrochemical industry, production capacity will be achieved to 100 million tons per year However, 2020 is the golden year of the petrochemical industry. This year, by operating the specified projects, 25 million tons will be added to Iran's petrochemical capacity.
Referring to the opening of 17 petrochemical projects in 2020, which will increase the production capacity of this industry by 25 million tons, the Minister of Petroleum said: the realization of the second leap of the petrochemical industry by the end of 2021, will increase the production capacity of this industry to 100 million tons and also increase the value of products to 25 billion dollars.
Bijan Zanganeh, pointing out that the third leap of the petrochemical industry has also begun, he continued: "Some of the third leap projects are being implemented and have good physical progress, and some of these projects are being prepared. With the realization of the third leap petrochemical projects, the value of products will reach $ 37 billion.
Zanganeh called the plans of the petrochemical industry a leap in production in order to implement resistance economy he also mentioned the increase of 25 million tons of production capacity of the petrochemical industry in 2020 is the biggest response to the call of the Supreme Leader, who has named this year as the year of production leap and said the most unprecedented increase in production in the history of the country's petrochemical industry will occur.
He stated that with the development of petrochemical projects, the food will be delivered well to the downstream petrochemical units, he said: Of course, the capacity of downstream units should be increased. Propulsion schemes are also designed to accelerate the development and diversification of downstream industries into four chains: methanol, propylene, ethylene and benzene.
In this regard, since the beginning of the year, 6 petrochemical projects including Miandoab Petrochemical, Kaveh Petrochemical, Pars Chemical Middle East, Lorestan Petrochemical Catalyst Unit, Bushehr Petrochemical and Lordegan Petrochemical have been put into operation, which has produced a total capacity of 10 million tons.
Of this 10 million tons of petrochemical production capacity, 140,000 tons are related to Miandoab Petrochemical, 2.3 million tons are related to Kaveh Petrochemical, 1.65 million tons are related to Kimia Pars Middle East, 4.1 million tons are related to Bushehr Petrochemical, 1.7 million tons are related to Lordegan Petrochemical and 100 tons are related to the capacity of Lorestan Petrochemical Catalyst Unit.
The annual value of the products of these 6 petrochemicals is estimated at a total of about $ 1.5 billion.
According to IRNA, the second leap program of the petrochemical industry in 2018 was codified based on the plans that had been started in the past, to be operational in 2021 and as a result the production capacity in this industry would increase to 100 million tons per year.
However, since 17 of the 27 projects defined in the second leap of the petrochemical industry will be operational in 2020, this year has been named as the golden year of the petrochemical industry although, due to limitations caused by Corona virus, some projects may be postponed to May 2021.
By operating these 17 projects, the capacity of the petrochemical industry will increase from the current 66 million tons to 90 million tons in May 2021.
On the other hand, 28 projects are planned for the third leap, many of them have started and some of them have been up to 30% complete.
The realization of the third leap plans will increase the capacity of the petrochemical industry from 100 million tons at the end of 2021 to 133 million tons in 2025, and also the industry revenue is increasing from $ 25 billion to $ 37 billion in 2025 based on prices in 2016.
At present, 333 grades of polymer products and 40 types of chemical products are produced in the Iranian petrochemical industry. In the second petrochemical leap, in addition to increasing polymer grades, 15 types of chemical products will be added to Iran's petrochemical basket.
In the third leap, 55 types of chemical products will be upgraded to 68 types, and polymer products will be more diverse.

The important point is that the increase in capacity in the petrochemical industry is achieved while the Minister of Oil, Bijan Zanganeh, has always been condemned by critics for supporting the crude oil sales in the oil industry.
Nov 30, 2020 20:28
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