Polyolefin Outlook 2016: Iran seen doubling PE, PP capacity by 2020: Beroe

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.”

Publication: Platts.com

Link: http://www.platts.com/latest-news/petrochemicals/middle-east/polyolefin-outlook-2016-iran-seen-doubling-pe-26388568