Iran Poised to Become Marker Methanol Supplier–NPC Official
A senior Iranian petrochemical official said more than 24 million metric tons will be added to Iran’s methanol output in less than 5 years, which will transform the country into a benchmark supplier of the item in the global markets.
Iran could boost its methanol output under the sanctions through four factors: China’s financing of projects in Iran, abundance of coastal lands in the country, low price of natural gas and the transfer of gas-to-methanol technologies prior to the sanctions, said Peyvandi.
He further said Iran has indigenized polyvinyl methylether (PVM) technology which is used for converting methanol into propylene.
Iran has prioritized its petrochemical sector and National Petrochemical Company is legally banned to directly finance petrochemical projects unless they introduce new technologies.