Iranian President inaugurates Ilam Petrochemical Complex

08 May '14

2 min read

Iranian President Hassan Rouhani has inaugurated the first phase of Ilam Petrochemical Complex, situated at about 18 kilometres from Ilam city in the Western part of the country, IRNA reported.

The petrochemical complex, built on 122-hectare, is one of Iran’s big industrial projects. The complex has processing units of ethylene and heavy polyethylene, as well as sulfur filtering unit and other peripheral services.

Post-inauguration, President Rouhani and his accompanying delegates toured various parts of the new complex.

The Ilam Petrochemical Complex will result in creation of jobs, while producing petrochemical products with more added value by making optimized use of products from gas refineries.

Moreover, Ilam Petrochemical is also expected to boost development of downstream industries in the Chavar region of Ilam Province, and thereby result in economic boom in the region.

In recent years, the Iranian Government has widened the range and volume of its petrochemical products and the petrochemical sector has become the most important industry in the country. The Iranian National Petrochemical Company (NPC) has also grown to become the second-largest manufacturer and exporter of petrochemicals in the Middle East, next only to Saudi Arabia.

In last Iranian calendar year that ended on March 20, 2014, the country produced 40 million tons of petrochemicals, and the production during the current year is expected to increase by about 25 percent to 51 million tons, according to the NPC.

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