Market Report, "Iran Petrochemicals Report Q1 2014", Published
The Iranian petrochemicals industry will continue to struggle with over-capacity in spite of predicted economic growth in 2014, due to ongoing international sanctions and slowing demand growth in its main export market, China. Only protectionism will shield the industry from a severe contraction, but there are risks of plant idling, postponement of projects and effective insolvency that will undermine the government's target of reaching a petrochemicals capacity of 100 million tonnes per annum (mn tpa) over the next five years.
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