Idle capacity of Iran’s petchem plants increases
Despite Iran’s growing petrochemical production level, the idle capacity of plants increased significantly. According to an official report prepared by National Petrochemical Company and seen by Trend, about 25 percent of Iran’s nominal petrochemical production capacity was idle during 11 months of last fiscal year (ended March 20). During the previous fiscal year (2015/2016), the figure was 20 percent. The country added about 4.3 million tons per year (mn t/y) to its nominal petrochemical production capacity during 11 months of last fiscal year. Iran’s petrochemicals output 11 months of last fiscal year (2016/2017) 12 months of the previous fiscal year (2015/2016) Nominal capacity (mn t) 62.2 57.9 Projected production (mn t) 52.945 49.365 Actual production (mn t) 46.17 46.41 Idle capacity 25% 20% Share of feedstock shortage in idle capacity 47.9% 44.8% Source: National Petrochemical Company The statistics indicate that the share