CEO of the National Petrochemical Company (NPC) Behzad Mohammadi predicted that the amount of feedstock supplied to the petrochemical industry would exceed an equivalent of 1.7 million barrels per day of oil by 2025.
Speaking on the final day of Iran Plast International Exhibition in Tehran on Wednesday, Behzad Mohammadi told reporters that an annual amount of 33 million tons (equal to 650,000 b/d of oil) was being supplied to petrochemical plants operating in the country.
The 13th Iran Plast international exhibition began on Sunday, September 22 and rounds up on September 25 at Tehran’s permanent fairgrounds.
Iran is expecting to realize the second leap in its petrochemical industry by 2021. By realization of the leap, 62 million tons per year of feedstock (equal to 1.4 mbd of crude oil) will be supplied to the sector.
“This figure will reach 1.7 mbd by 2025 when the third leap in the industry is realized,” Mohammadi said.
He said that the number of jobs created in downstream industries is very eye-catching in the petrochemical industry, adding for every ton of production in the downstream petrochemical sector, 170,000 jobs are generated.
Mohammadi further said that 31 million tons of salable items are produced in the upstream sector of the petrochemical industry of Iran, adding 22.5 mt/y of items (roughly 70% of the country’s output) is exported.