Media Wire

AEOI head says West irritated by Iran’s progress in heavy water industry

Iran’s atomic chief has stated that the West is opposed to Tehran’s production of heavy water because of its huge economic benefits.

Mohammad Eslami, head of the Atomic Energy Organization of Iran (AEOI), said on Monday that Iran has made significant progress in recent years in producing heavy water and its derivatives.

Eslami said the progress has been achieved despite the West’s continued objections to Iran’s nuclear endeavors and its technological advancement in the production of heavy water.

He said the main reason for the West’s irritation is the huge economic potential that exists in Iran’s heavy water production, adding that the country can fetch thousands of dollars for each gram of by-products obtained from heavy water production.

“Each (metric) ton of methanol produced from heavy water is worth $1.2 million while the price of the methanol produced in petrochemical plants is less than $500 (per ton),” said the AEOI chief.

Eslami stated that Western countries, including the US, have admitted that the heavy water produced in Iran has the highest degree of purity in the world.

He added that Iran can increase its share of the global heavy water market from the current 12.5% if it decides to sell the by-products produced in the sector.

The official made the comments during a speech in Tehran where he defended the use of peaceful nuclear technology for responding to Iran’s various needs.

He said that Iran’s only nuclear power plant on the Persian Gulf coast has enabled the country to cut some $8 billion from its oil consumption bill since 2001 when the plant was inaugurated with a total investment of $1.8 billion.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

Recent Posts

University of Tehran students rally over stabbing to death of fellow student by muggers

A number of University of Tehran students have held a protest over the tragic death…

8 hours ago

Iranian ambassador urges Lebanon to resolve issue of flight restrictions wisely

The Iranian ambassador to Lebanon has urged Lebanese officials to resolve the issue of restrictions…

10 hours ago

Sixth national snow volleyball tournament kicks off in Iran’s Hamedan

The sixth edition of the National Snow Volleyball Tournament began on Thursday in the western…

14 hours ago

18th International Tourism Exhibition in Tehran

The 18th International Tourism and Related Industries Exhibition was launched on Tuesday and will wrap…

14 hours ago

Iranian official denies report on Leader’s order to ‘increase missile range’ as ‘utterly false’

A member of the Office for the Preservation and Publication of the Works of the…

14 hours ago

Tehran university student stabbed to death by muggers, police investigate

A 19-year-old student from Tehran University was fatally stabbed in a robbery on Wednesday night,…

16 hours ago