IHS Chemical Week

Markets :: Basic Chemicals :: Petrochemicals :: Propylene

Iran: A Major Player in Waiting

Huge Construction Program is Under Way

9:20 AM MDT | July 21, 2008 | Natasha Alperowicz in Tehran and Assaluyeh

Iran is preparing to become a major player in international petrochemical markets, said speakers at the 8th Iran Petrochemical Forum (IPF), held recently in Tehran. National Petrochemical Co. (NPC; Tehran), the country’s biggest producer, has announced plans to invest a combined $30 billion during Iran’s fourth and fifth five-year plans, ending in 2015, to realize the country’s ambitions (CW, May 26, p. 15). Iran’s huge gas reserves, estimated at 28 trillion cu meters, will make possible Iran’s 20-year vision to become the overall...

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