Home / Knowledge / News / Textiles / Petrochemical production witnesses a boom
Petrochemical production witnesses a boom
04
Feb '08
National Iranian Petrochemicals Company (NIPC), essentially into production, sale, distribution and export of chemicals and petrochemicals is expected to see a rise to 27 million tons by March, this year, from the present 18,150,000 tons produced in ten months starting from March, 2007.

Petrochemical production has seen a marvelous and gradual growth over the past few decades. Starting from the Islamic revolution of 1977, Iran saw a growth of 14 percent in its yearly revenues procured by sale of petroleum products and a 10 percent rise in the total volume of production.

However, astoundingly in only a year's time starting from February 2007, NIPC products showed a 36 and 45 percent rise in terms of weight and value respectively. Iran exported 6.48 million tons of petrochemical products from March 21 to December 21, 2007 fetching US $3.84 billions.

Further, 24 petrochemical projects are underway, requiring investments worth $12.5 billions and whose physical progress ranges from 30 to 98 percent.

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

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...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

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

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

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