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Iran eyes 4.9% petrochemical market share by 2015
Mar '13
Iran, which now holds a 2.4 percent share in the global petrochemical market, intends to increase the same to about 4.9 percent over the next two years, Deputy Head of National Iranian Petrochemical Industries Company, Ramezan Oladi, has said.
Pursuant to its 5th Five Year Economic Development Plan (2010-15), Iran aims to capture 4.9 percent share in global petrochemical market, Mr. Oladi said while addressing a group of petrochemical industry experts, IRNA reported.
The 73 new petrochemical projects, which are already in progress, would help Iran achieve the 4.9 percent target, as these projects would boost the country’s annual petrochemical production capacity by 60 million tons over the next two years, taking it to 100 million tons, he added.
Iran’s share in the Middle East petrochemical market, which presently stands at 24 percent, would also grow to 39 percent over the two-year period, he said.

Fibre2fashion News Desk - India

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