TEHRAN – Arak Petrochemical Complex (APC) experienced a 59% increase in product value last year noting 31% and 28% price growth in domestic and foreign markets respectively, Hassan Rajabi said here Monday.

Over 455,000 tons of petrochemicals, valued at Rls.6.616b, went to domestic demand, while 161,000 tons headed to 24 countries, was assessed at $127m, the managing director stated. “This is six and five percent increase in that order over the last year,” he added.

Moreover, APC’s production capacity at polybutadiene rubber, polypropyl, benzene prolysis, diethyl hexanol, ethylene oxide, ethylene glycol and ethylene amino units went over the nominal capacity by 13,000 tons in the said period, Rajabi elaborated.

The complex by producing over 1.3 million tons of polymer and chemical products per annum is the second largest of the kind in the country.