Home / Knowledge / News / Textiles / Iran to expand petrochem projects in western provinces
Iran to expand petrochem projects in western provinces
11
Apr '14
With the aim of boosting petrochemical output and increasing employment, Iran is planning expansion of petrochemical projects in the western provinces of the country, said Mohammad Hassan Peyvandi, deputy executive manager of the National Petrochemical Company (NPC).

Mr. Pevyandi said that the NPC would be implementing several new projects in the western provinces of Lorestan and Kurdestan, as well as the western city of Mahabad, during the current Iranian calendar year which began on March 21, 2014, reports Shana News Agency.

The NPC official also informed that the completion of the West Ethylene pipeline, which is 1,500 km long, would also be given priority during the year. The pipeline would carry feedstock to petrochemical plants that lie on its route stretching from Assaluyeh in southern Iran to West Azarbaijan province in north-western Iran, as well as cater to the feedstock requirements of Lorestan, Mahabad and Kurdestan petrochemical plants.

Meanwhile, Iran’s petrochemical exports are expected to touch US$ 12 billion during the current year owing to several international investments, as per the NPC estimates.

According to the NPC, during the recent years, the domestic sale of petrochemicals has increased significantly due to the implementation of new development projects in the sector and the petrochemical production capacity is expected to significantly rise during the current calendar year, which would help in raising exports.

The development of Iranian petrochemical industry requires investments worth US$ 33 billion and completion of the projects would help in generating revenues worth $25 billion for the country, as per NPC estimates.

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

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

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

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

Igor Chapurin
Chapurin

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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