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Petrochemical industry plays the first role in Iran non-oil revenue!

According to the director of the National Petrochemical Company of Iran, petrochemical industry plays the first role in non-oil revenue (NONR). Right now 56 petrochemical complexes are active in Iran with the total capacity of 66 million MT. 31 million MT of petrochemicals are produced in Iran annually and 22 million MT of it (70%)…

Jump of petrochemical prices in Asian markets

Mono ethylene glycol (MEG) and polyethylene (PE) spot prices ramped up because of the attacks to 2 Saudi Aramco’s oil facilities on September 14th 2019. Plastics News Europe wrote that the spot rate of MEG and PE bounced significantly in Asian markets according to Wood Mackenzie (energy research & consultancy organization). Saudi Arabia produces 7,800,000…

Iran Petrochemical Industry

The Managing Director of National Petrochemical Company (NPC) declared that the total revenue of Iran petrochemical industry is $17 billion. 44 petrochemical products are produced in Iran, 18 of which are polymer products that have 300 various grades. Therefore totally 350 petrochemical products are manufactured in Iran. He added that there are 56 active petrochemical…

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