Iranian  petrochemical  production  could  increase  by  more  than 50% by 2020, according to 

industry consultants AmanpourConsult. 

Iran  currently  produces 60 million mt of petrochemical products, but this could increase by at

least  28  million  mt  between 2016 and 2020 with about half of the expansion coming through 

production of methanol. 

Speaking   at   S&P   Global  Platts  European  Petrochemical  Conference  in  Dusseldorf   on 

Wednesday, Aman  Amanpour  said  that  investments  in  Iran  would see ethylene production 

expand  by  5 million mt, propylene by 5 million mt, methanol 15 million mt, MEG by 2 million mt 

and aromatics and derivatives by at least 2 million mt. 

"The  methanol  figure of 15 million mt a year is particularly mind-boggling. It  is high, but  even 

 if it is 10 million mt then it is huge and will have a big impact," Amanpour told the conference.