46 new petrochemical complexes planned by Iran in next calendar year to boost capacity by 50 mln tons

14-Jan-10

Iran’s 20-Year Outlook Plan envisions petrochemical output to reach 100 mln tons by 2015. In a bid to meet these targets, Iran plans construction of 46 new petrochemical complexes in next calendar year (to begin March 21) to boost its production capacity by 50 million tons. An investment outlay of US$25 bln has been planned. Currently, 29 projects being built at the cost of US$18 billion are estimated to add 22.5 mln tons to the current production capacity.