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Thursday, April 25, 2024 11:5 GMT
Pars Petrochemical Company announced it would break its production record by the end of the current Iranian calendar year (March 2020). According to the National Petrochemical Company (NPC), the plant’s output in the first 9 month of the year (21 March - 21 December 2019) grew by 8.5% year-on-year, the company said in a statement.According to the statement, growth was 8% in the ethane production, 9% in the propane production, and 11.8% in the butane production of the complex. Production at the benzene unit of the plant grew 33.9% y/y, and the styrene monomer unit witnessed a 33.1% growth in output.Back in 2016, the plant’s production capacity was 4.006 million tons per year which is expected to reach 4.15 mt by March 2020; a new record in the plant’s production.The ethane sales of the plant, which is fully consumed domestically, has also grown 11% year-on-year during the 9 months. Butane’s domestic sales rose by 64% year-over-year, while toluene benzene’s sales rose 14%. Overall, domestic sales of the plant's output increased by 11.5%.The petrochemical company has also reported a dramatic increase in its exports: despite sanctions, exports in the first 9 months of the year increased significantly in terms of both value and volume over the same period last year (March 2018-19). - Shana