Hamidreza Seyyed Jafari, the corporate planning director of the National Iranian Oil Refining and Distribution Company (NIORDC), is quoted to have mentioned that new petrochemical plants, targeting to produce propylene-chain will be launched at the refineries of Imam Khomeini, Shazand and Isfahan.
Iran is expecting to churn out as much as $14 Billion of petrochemical export revenue by 2012.
Most of the products are second level derivatives such as polyethylene, methanol, benzene, ammonia, sulphur and PVC.
It would be interesting to note that United States is currently fighting for a sanction and trying to get Europe on table on Iran.
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