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


Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search