Iran to export polyethylene to Vietnam in 2018

September 16, 2017 - 19:31

TEHRAN – An Iranian petrochemical complex plans to export near 8,000 million tons of polyethylene to Southeast Asia on a monthly basis in 2018, Platts reported quoting a director of the complex.

According to Amir Kabir Petrochemical Company (AKPC)’s Sales and Marketing Manager Diako Abbasi, the company aims to ship 5,000-8,000 mt/month of polyethylene to Southeast Asia in 2018, with Vietnam expected to be the main target market.

"We see great opportunities in Vietnam, as the packaging and film grade consumption is increasing [in line] with its young population," Abbasi said Friday on the sidelines of VietnamPlas 2017.

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 noted.

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.

EF/MA
 

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