DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/4d098032/iran_petrochemical) has announced the addition of the "Iran Petrochemicals Report Q2 2012" report to their offering.
The Iranian government's ambitious plans for a 37mn tpa increase in petrochemicals capacity in 2010-2015 look set to be dashed by a combination of slower domestic growth and a crippling international sanctions regime, according to BMI's latest Iran petrochemicals report.
Iran is finding it increasingly difficult to acquire technology and raise finance due to the tightening sanctions regime, which has prompted South Africa's Sasol to seek an exit from its Sasol Arya joint venture (which has 1mn tpa ethylene capacity), and withdraw from plans for a methanol facility. Global technology licensers have stopped doing business with Iran in order to maintain business interests in the US.
Meanwhile, the complexity of raising finance from abroad as a result of the sanctions regime has deterred global banks. The sanctions have undermined business with European firms, which are insisting on approval of contracts by the European Commission.
The lack of involvement by majors will make it hard for Iran to diversify beyond its narrow portfolio of petrochemicals products, particularly speciality and niche markets. As such, there is an increasing likelihood of further feedstock shortages caused by lack of progress in upstream developments, technological failures and defective equipment.
BMI believes that the Kavyan crackers that will feed the West Ethylene Pipeline and its Dena Region Ethylene Pipeline spur will come onstream in 2012, with combined capacity of 2mn tpa. However, it remains to be seen whether they will achieve full capacity utilisation, with the 11 downstream projects along the pipeline routes yet to be completed. Total capacity of these planned downstream projects would include 2.24mn tpa HDPE and 600,000tpa of LDPE.
Projects due to be completed by 2016, such as the 14th olefins complex in Firouzabad with 1mn tpa ethylene capacity, the 15th olefins complex in Genaveh with 500,000tpa of ethylene and the 17th olefins complex in Ilam with 607,000tpa of ethylene, could be significantly delayed under the sanctions regime.
About This Report:
Business Monitor International's Iran Petrochemicals Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Iran's petrochemicals industry.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Global Petrochemicals Overview
- Gulf Regional Overview
- Industry Trends And Developments
- Business Environment Ratings
- Industry Forecast Scenario
- Company Profiles
- BMI Methodology
Companies Mentioned:
- Karoon Petrochemical Company
- National Petroemical Company (NPC)
For more information visit http://www.researchandmarkets.com/research/4d098032/iran_petrochemical