Petrochemical industry is playing a crucial role in Iran's non-oil economy. According to 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. Iran’s NPC plans for development of the country’s petrochemical industry in the upcoming years. Iran's annual petrochemical output, which is currently at 65 million tons, is planned to reach more than 100 million tons by the Iranian calendar year of ends on March 2022 and to 130 million tons or nearly doubled by ends on March 2026The projects include Arak Petrochemical Complex, the first phase of Bushehr Petrochemical Complex, and Takht Jamshid SBR & PBR Production Plant in Mahshahr, Khuzestan province as well as Ilam Petrochemical Complex in northwestern province of Ilam.
