China becomes self-sufficient in propylene production with Iranian methanol
Iran exports millions of tons of methanol to China annually at a meager profit, while the country has created hundreds of times more value added by converting the same methanol into propylene, the “petrochemical caviar,” and has achieved 96 percent self-sufficiency in propylene production. An opportunity that Iran could have used to complete its petrochemical value chain by investing in domestic MTP units and move from selling crude to creating sustainable wealth.
