Home / Knowledge / News / Textiles / Iran eyes 41% share in ME petrochem output by 2020
Iran eyes 41% share in ME petrochem output by 2020
11
Jun '13
Mr. Abdolhosain Bayat/ FARS
Mr. Abdolhosain Bayat/ FARS
Iran’s contribution to the Middle East’s petrochemical output is expected to grow to about 41 percent by end of the sixth Five-Year Development Plan in 2020, according to an official of the National Petrochemical Company (NPC).
 
Iran’s petrochemical output is set to grow by 55 million tons by 2020, which would make the country one of the leading most petrochemical producer in the region, FARS News Agency reported quoting NPC managing director Abdolhosain Bayat.
 
Highlighting NPC’s targets for the five-year development plan, he noted that by 2015, the firm’s nominal petrochemical production capacity would grow to 100 million tons, while product diversification, upgradation and boosting its presence in local as well as overseas markets are some other top priorities for the company.
 
NPC plans to set up 33 new petrochemical plants during the sixth five-year plan period, Mr. Bayat said and added that the company aims to establish itself as the biggest manufacturer of petrochemical products in the Middle East by 2025.
 
Given their know-how and the determination of the Iranian experts to achieve the goal, the target seems to be quite feasible, he added.
 
Pointing at privatization of 25 petrochemical plants in past few years, the NPC chief in his earlier statement said that privatization has rationalized the sector’s functioning. Also, he noted that the process of privatization is still on with the process of establishment of Persian Gulf Holding, incorporating 15 petrochemical plants, being underway.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

July 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

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

Yes No

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

Yes No

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


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



X