Home / Knowledge / News / Textiles / Iran aims self-sufficiency in petrochemical parts
Iran aims self-sufficiency in petrochemical parts
30
May '14
Iran is aiming at attaining self-sufficiency in production of parts and equipment for its petrochemical plants over the next five years, FARS News Agency reported quoting a senior official.
 
Jalil Sobhani, managing director of the Supplying Petrochemical Industries Parts, Equipment and Chemical Engineering Co. (SPEC) said Iranian petrochemical experts and engineers have put in effort to gain self-sufficiency in the field, and Iran plans to supply its petrochemical plants with home-made parts and equipment in the next five years, the report stated.
 
Mr. Sobhani said the SPEC plans to procure all the equipment and necessary parts from the domestic market and to attain self-sufficiency in the sector by relying on Iranian experts in the next five years.
 
Earlier this month, Hossein Shariyari, deputy head for planning and development of the National Petrochemical Company (NPC), said considering the several petrochemical projects which are underway, Iran’s petrochemical production is projected to exceed 51 million tons by the end of the current calendar year (which began on March 21, 2014 and will end on March 20, 2015), recording a rise of 25 percent year-on-year.
 
The planned 51 million tons of petrochemical output is expected to reap Iran some US$ 35 billion, including $14 billion through exports, he added.
 
According to the NPC, over 40 million tons of petrochemical products were manufactured in Iran during last calendar year, which ended on March 20, 2014. During the period, the country exported petrochemical products worth $10.723 billion, registering a rise of 1 percent, compared to the $10.165 billion worth of petrochemical products exported during the previous calendar year.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Aug 2017

Cotton yarn futures trading begins in China’s Zhengzhou

Cotton yarn futures trading recently began on the Zhengzhou Commodity ...

Textiles | On 22nd Aug 2017

PTEA concerned over sluggish textile sector growth

The Pakistan Textile Exporters Association (PTEA) has expressed...

Textiles | On 22nd Aug 2017

Asian Propylene prices march higher last week

Propylene prices went up in Asia in the last week due to tight supply ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

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

Pranav Mishra
Huemn

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts 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