October 2015

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HP Petrochemicals: Iran could soon become major petrochemical player if sanctions end

The ongoing debate over the Iran “nuclear deal” isn’t just political talk. It could be a key influencer for the future of the global petrochemicals industry, too.

DuBose, Ben, Hydrocarbon Processing Staff

The ongoing debate over the Iran “nuclear deal” isn’t just political talk. It could be a key influencer for the future of the global petrochemicals industry, too. Should sanctions be removed, consultancy A.T. Kearney says Iran would boost its petrochemical output (Fig. 1), creating potential for increased exports and lower prices. Iran has the world’s biggest gas reserves, so ample feedstocks are in place.     Fig. 1. The Abadan Petrochemical   Complex, shown here, is one of   Iran’s largest petrochemical plants. “Petrochemicals is a way to get their gas exported in the form of another product,” said Eduard Gracia, a principal at A.T. Kearney. Americas to feel brunt of

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