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

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Apparel/Garments | On 19th Jan 2017

Asahi Kasei to display sustainable fibre at trade shows

Asahi Kasei, specialty Japanese fibre producer, will be displaying...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search