TEHRAN – Iran’s Karoon Petrochemical Company (KPC) has unveiled two new products that are going to save the country $27 million, ISNA reported.

As reported, the production lines of two new grades of MTDI and KMT_10 were officially launched with the aim of meeting the needs of downstream sectors and completing the value chain of the country’s petrochemical sector.

KMT-10 is produced by pre-polymerization of methyl phenyl isocyanate and by the formation of urethane groups. With the production of this new product, the petrochemical industry will practically eliminate the need to import similar grades which have been previously imported from China, Japan, South Korea, and Germany.

This strategic product has wide applications in the automotive, office, and home appliances industries.

Also, MTDI products include Aradur 830 CH, Aradur 850 CH, and Aradur 2963 CH. Karoon Petrochemical Company has introduced this product in order to meet the needs of downstream producers of paint, resin, and polyurethane and in order to complete the value chain of petrochemical products.

The petrochemical industry is playing a crucial role in Iran's non-oil economy, so that based on official data petrochemical exports constitute the second-largest hard currency earner in Iran after crude oil. Petrochemical exports already make up nearly 33 percent of the country’s non-oil exports.

Head of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said the country’s petrochemical products basket is going to be more diversified by the Iranian calendar year of 1404 (starts on March 21, 2025).

The official noted that major development plans were underway for diversifying the country’s petrochemical output considering the wide range of feedstock available.

“The macro development planning that the company is currently making for the petrochemical industry is beyond the second and third leaps of the industry, and we expect the company’s projects directorate to follow up and help achieve these plans,” Mohammadi said in early September.

EF/MA