Iran to Build Methanol-to-Olefins Conversion Plants as it Seeks to Reduce Oil Reliance

NEW DELHI--April 16, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Though Iran faces many economic sanctions, the country's Chemical and Petrochemical Industry does not seem very much impacted. To reduce dependence on crude oil exports, it is shifting focus to petrochemicals now. Iran is already one of the major producers of methanol in the region, with an existing production capacity of more than 12 million tons annually, and it is expected to increase the capacities in the coming years as well.