MOSCOW (MRC) -- Iran's Amir Kabir Petrochemical Company aims to export 5,000-8,000 mt/month of polyethylene (PE) to Southeast Asia in 2018, with Vietnam expected to be the main target market, as per Apic-online with reference to Sales and Marketing Manager Daiko Abbasi.
"This is our first year participating in VietnamPlas. We see great opportunities in Vietnam, as the packaging and film grade consumption is increasing [in line] with its young population," Abbasi said.
Grades that are expected to see good demand include general purpose and heavy-duty linear low density PE, high density PE film, and HDPE pipe grade, he added.
"Our strategy is to bring large volumes of PE directly from Iran to Vietnamese traders, distributors and end-users, without going through intermediaries," he said.
AKPC had sold smaller quantities of PE to Vietnam about two years ago, Abbasi said without elaborating.
AKPC operates a petrochemical complex at Bandar Imam with a nameplate capacity of 300,000 mt/year of LLDPE, 300,000 mt/year of LDPE, and 140,000 mt/year of HDPE, and is currently operating at "full rates," according to the company.
We remind that, as MRC informed before, in July 2017, France's Total signed a deal with Tehran to develop phase 11 of Iran's South Pars, the world's largest gas field, marking the first major Western energy investment in the Islamic Republic since the lifting of sanctions against it. Total will be the operator with a 50.1 percent stake, alongside Chinese state-owned oil and gas company CNPC with 30%, and National Iranian Oil Co subsidiary Petropars with 19.9%.
MRC