28 March, 2016
Iran’s polyethylene capacity will grow at an annual rate of 13% to 8 million mt/year by 2020, from 4 million mt/year in 2015, due to post-sanctions investments, an analyst with petrochemicals-focused Beroe Consulting said Friday.
“Natural gas as a cheap petrochemical feedstock is a game changer for Iran,” Jayant Mukherjee said Friday at the Polyolefin Outlook 2016 conference in Bali. “Today it sits on 18% of global gas reserves, sharing the largest [natural gas] field in the world — the South Pars — with Qatar.”
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