Islamic Revolution Achievements in Iran Petchem Industry:

3.5% Increase in Petchem Output in Comparison to 2024

3.5% Increase in Petchem Output in Comparison to 2024
(Sunday, February 2, 2025) 17:04

TEHRAN (NIPNA) – From March until the end of December 2024, compared to the same period in 2024, the production of petrochemical products has increased by 3.5%, and exports have risen by approximately 7% in terms of weight.

By the end of 2024, Iran's petrochemical industry had converted the equivalent of 1.1 million barrels of crude oil per day from hydrocarbon resources, including natural gas and condensates, into valuable petrochemical products. The nominal production capacity in 72 production complexes (including those launched in 2024) reached 96.3 million tons annually. Additionally, three utility complexes in Mahshahr and Assaluyeh provide the necessary services (electricity, steam, water, etc.) for these production units.

Production Overview:

·         Nominal Capacity (2024): 96.3 million tons

·         Actual Production (2024): 74.3 million tons

Petrochemical Production & Sales from the Establishment of the 14th Government Until December:

    Production: 24.2 million tons (from August to December 2025)

    Domestic Sales: 5.3 million tons (value: 4.7 billion dollars)

    Exports: 13.4 million tons (value: 5.8 billion dollars)

    Total Net Sales: 18.7 million tons (value: 10.5 billion dollars)

2025 Performance Compared to 2024 (Until December):

    Production: 59.02 million tons (a 3.5% increase compared to the same period last year)

    Exports: 23.91 million tons (7% increase in weight compared to the previous year)

    Total Sales: 33.17 million tons (value: 18.31 billion dollars)

Petrochemical Projects and Investments

The petrochemical sector is currently executing 67 projects with a total production capacity of 35.2 million tons annually. These projects have received a total investment of 25 billion dollars, with approximately 12 billion dollars already invested.

Foreign Exchange from Petrochemical Exports:

From the establishment of the 14th government until December, 8.5 billion dollars of foreign exchange revenue has been generated from petrochemical exports. According to the Central Bank’s reports, 3.3 billion dollars have been deposited into the Nima system after fulfilling the necessary foreign currency needs.

Plans to Renovate Mahshahr and Assaluyeh Ports:

To accommodate the increasing export demand, the renovation of the Mahshahr and Assaluyeh ports is underway. This development will facilitate the export process and contribute to job creation and increased foreign exchange earnings.

Key Petrochemical Initiatives:

·         Establishment of a monitoring task force to oversee the implementation of the 7th Development Plan.

·         Initiation of the Puyesh Project aiming for a 10% reduction in gas and electricity consumption.

·         Launch of the Artificial Intelligence Strategy in the petrochemical industry with over 30 projects planned.

·         Studies on land use planning to identify optimal investment opportunities in petrochemicals across various provinces.

·         Introduction of new projects for gas consumption management and strategic planning.

These measures highlight the ongoing efforts to develop and expand the petrochemical sector, contributing to the economic growth and industrial advancement of the country.

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