Home / Knowledge / News / Textiles / New petrochem projects to increase Iran's revenues by $2bn
New petrochem projects to increase Iran's revenues by $2bn
29
May '13
The five new petrochemical projects that started operations since start of the current Iranian calendar year on March 21, 2013, are expected to boost the country’s petrochemical revenues by US$ 2 billion, National Petrochemical Company's Managing Director Abdolhosain Bayat has said.
 
Speaking on the sidelines of inaugural ceremony of a hydrogenation unit at Tabriz petrochemical plant, Mr. Bayat said the five projects launched at a cost of 8,721 billion rials have enhanced the country’s nominal petrochemical production capacity by 2.73 million tons per annum, FARS News Agency reported.
 
The country has launched 51 petrochemical projects since 2005 at a cost of US$ 22 billion, Mr. Bayat said and added that these projects have enhanced its annual petrochemical production capacity by 38 million tons. 
 
Over the past few years, Iran has significantly widened the range as well as volume of its petrochemical products, and the country now exports its products to over 60 countries, with the Far East, Southeast Asia, Africa and Central Asia being its key export destinations.
 
If all financial requirements of the country’s petrochemical sector are satisfied, its annual production capacity is likely to reach 100 million tons in 2015 from the existing 60 million tons, Mr. Bayat, who is also the Deputy Oil Minister of Iran, said.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search