Petrochemical
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1st Floating Solar Power Plant Launched at Mahabad Petchem Plant
TEHRAN (Shana) -- Mahabad Petrochemical Complex has successfully launched Iran’s first floating solar power plant by relying on local capabilities and technical savvy.
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Continued European Demand for Iran Petchems
TEHRAN (Shana) -- The CEO of Nirouchlor Company said that the company's exports to Europe, despite the restrictions caused by the coronavirus in the world, reached about 5,000 tons.
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Petrofarhang Holding Firm Keen on Value-Chain Completion
TEHRAN (Shana) – The CEO of Petrofarhang Holding Company said: “Petrofarhang has plans to complete the methanol value chain and produce more value added items.”
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Iran Eyes $400m Revenue Generation by Kaveh Petchem Plant
TEHRAN (Shana) -- The CEO of Kaveh Petrochemical Plant stated that the facility was built with $950 million of investment, adding the project would generate $400 million annually.
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Iran to Launch 27 Petchem Projects by 2021
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country had planned to inaugurate 27 petrochemical projects by March 21, 2021 with $17 billion of investment.
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Rouhani Lauds Launching Major Petchem Projects
TEHRAN (Shana) – Iranian President Hassan Rouhani lauded the inauguration of 3 major petrochemical projects with a total investment of 1.6 billion dollars as a major step towards development despite sanctions.
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Iran Doubles Petchem Output under Rouhani
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran’s petrochemical production capacity had doubled in the period since President Rouhani took office in 2013.
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Iran Eyes 80% Enhanced Petchem Revenue by March 2021
TEHRAN (Shana) -- The CEO of the National Petrochemical Company said Iran’s petrochemical production capacity would increase by 60% this year, adding by launching 17 projects, Iran’s petrochemical revenue would increase by 80 percent by the end of the current Iranian calendar year which began on March 20.
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Iran to add 4 mt to Annual Petchem Output by Weekend
TEHRAN (Shana) -- The CEO of the National Petrochemical Company said Iran would launch 3 major petrochemical projects by Thursday which would add 4 million tons to the country’s annual petrochemical production capacity.
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Iran to Launch 3 Petchem Projects by Weekend
TEHRAN (Shana) – The Iranian Minister of Petroleum said the country would launch Kaveh Methanol, Pars Kimia Middle East and Lorestan Catalyst projects on Thursday (August 6), saying inauguration of 17 petrochemical projects is planned by the end of this calendar year.
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Miandoab Petchem Plan Operational
Iran PE Output Capacity Hits 5mt
TEHRAN (Shana) -- The Miandoab petrochemical plant came on-stream in late June. President Hassan Rouhani inaugurated the project through videoconference. The plant’s annual production capacity is 140,000 tonnes of high-density polyethylene (HDPE). The Miandoab plant which would bring Iran’s PE production capacity to 5 million tonnes, is built on the way of West Ethylene Pipeline (WEP). It cost €40 million plus IRR 8,000 billion.
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Iran Doubles Petchem Output under Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said the country’s petrochemical production capacity had doubled in the 7 years that he had been in office.
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NPC Earned $15bn in 1 Year
TEHRAN (Shana) -- CEO of National Petrochemical Company (NPC) Behzad Mohammadi has highlighted fluctuations in petrochemical production during the first two-month period of the current calendar year due to the Covid-19 outbreak, saying: “We have now reached stability in production and we are witnessing an 18% growth in the stock exchange transactions years-on-year.”
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Pars Petchem Output up 19% Y/Y
TEHRAN (Shana) -- The CEO of Pars Petrochemical Company said the plant’s output grew by 19 percent in the calendar year of 1398 which ended on March 19, in comparison with the preceding year.
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Lordegan Petchem to Export 80% of Sales: CEO
TEHRAN (Shana) -- The CEO of Lordegan Petrochemical Company announced the launch of this complex in the very near future, and said: “It is predicted that 80% of the sales of this company will be for export.”
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ROI Rate of Ilam Polypropylene Park over 30%
TEHRAN (Shana) -- The CEO of Iranian Investment Petrochemical Group (Petrol) described construction of Ilam Polypropylene Park as economical, and said: “The rate of return on investment of this project is more than 30%.
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Noori Petchem Plant to Export Heavy Aromatics
TEHRAN (Shana) – The CEO of Noori Petrochemical Company said the plant's was preparing to export heavy aromatics.
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Petchem Role in Stock Market
TEHRAN (Shana) -- In the petroleum industry, petrochemical companies have gained fame for their early and fast yield. Some experts say the rate of return of investment in petrochemical projects is six years.
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Petchem Revenue Topped $14.5bn
TEHRAN (Shana) -- The CEO of National Petrochemical Company (NPC), Behzad Mohammadi, has said that the petrochemical sector earned Iran $14.5 billion in revenue last calendar year to March 2020.
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Iran to Launch $11.5b Petchem Projects by March 2021
TEHRAN (Shana) – The deputy minister of petroleum for petrochemical affairs said a total of $11.5 billion worth projects would be launched in Iran by the end of the current Iranian calendar year to March 20, 2021.
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Iran Petchem Output to hit 3-digit Realm
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical output would reach 100 million tons per year by March 2022.
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Iran Eyes Unprecedented Boost in Petchem Output
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country was expecting the most unprecedented growth in petrochemical output by 25 million tons per year in the current Iranian calendar year which began on March 20.
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Iran Launches 175,000-Ton Polyethylene Plant
TEHRAN (Shana) – Iranian President Hassan Rouhani has officially launched a major polyethylene plant in at the Miandoab Petrochemical Complex in West Azarbaijan Province, northwestern Iran.
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Iran Bracing for Self-sufficiency in Hexane Production
TEHRAN (Shana) -- The CEO of Imam Khomeini Refinery (Shazand) said the Iranian President Hassan Rouhani was to officially launch a normal hexane production unit in the facility which would render Iran self-sufficient in production of the item.
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3 New Butane Chain Items to be produced in Mahshahr
TEHRAN (Shana) -- The first project in the butane chain in Mahshahr will be ready for operation with the aim of commercial production of three important and new items, parallel with planning for realization of the second petrochemical leap in Iran.
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Iran to Double Melamine Crystal Output by Launching Lordegan Petrochem Project
TEHRAN (Shana) -- Iran's "Melamine Crystal" production capacity will double with the issuance of a permission for construction of Lordegan Petrochemical Development Project.
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Iran to Supply Rare PVC
TEHRAN (Shana) -- Planning for the inauguration of 12 petrochemical projects, including Hegmataneh Petrochemical Plant, has been carried out in the year of "Production Leap". Once operational, the plant will supply one of the rarest petrochemical products in the world.
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CEO Announces Full Realization of Petchem Development Plans by 2022
TEHRAN (Shana) -- The Deputy Iranian Minister of Petroleum for Petrochemical Affairs announced that 100% of the goals envisaged in the Sixth Development Plan in the petrochemical industry would be achieved by 2022.
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Ammonia Unit of Lordegan Petchem Plant Online
TEHRAN (Shana) – The CEO of Lordegan Petrochemical Company announced the launch of the ammonia unit of the complex in the year of production leap.
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Sustainable Production at Kimia Pars Middle East Petchem Plant
TEHRAN (Shana) -- The CEO of Petrofarhang Petrochemical Holding Company said: "Kimia Pars Middle East Petrochemical Complex, with continuous and sustainable production, will increase the production capacity of the country's petrochemical industry in the year of production leap."