Petrochemical
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Iranian Researchers Advance Petchem Technique
TEHRAN (Shana) -- The researchers of the Faculty of Mechanical Engineering, University of Tehran, succeeded in modeling, optimizing and designing primary burners to provide the heat energy required for the endothermic reaction of methanol production from natural gas in the country's petrochemical industry using numerical analysis.
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Arya Sasol Petchem Plant Smashes Production Record
TEHRAN (Shana) -- This year, the 6-month all-time record of Arya Sasol Polymer Company was broken with the production of 987,000 tons of items in the first half of the current Iranian calendar year which began on March 21.
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PGPIC Installed Capacity to hit 46mt/y by 2026
TEHRAN (Shana) -- The installed capacity of Persian Gulf Petrochemical Industries Company (PGPIC) is planned to hit 46 million tons per year by 2026 from currently 28 mt/y, an official with the holding says.
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$15b Petchem Market Waiting for KBCs
TEHRAN (Shana) -- The director of strategy and infrastructure of product development, technology and innovation of the Persian Gulf Petrochemical Industries Company (PGPIC) said the firm has about $15 billion of active plans up for grabs by knowledge-based startups.
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Iranian Catalyst Saves $6m
TEHRAN (Shana) -- Ilam Petrochemical Company saved Iran $6 million by successfully testing the catalyst made by the Petrochemical Research and Technology Company (PRTC) in its high-density polyethylene unit.
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Efforts underway to Prevent Petchem Feedstock Supply Shortages
TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of sustainable energy supply and production management in the petrochemical industry, saying: “We are trying to increase the supply of petrochemicals so that the complexes do not face gas restrictions in the cold season of the year.”
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Iran Catalysts Selling in Russia
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC), referring to the negotiations that have been held since April this year with Russian delegations for the export of Iranian catalyst to Russia, announced that one ton of Iranian catalyst is being successfully used in Russian petrochemical complexes, and Russian companies have registered new orders for catalysts.
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CEO Stresses Necessity of Creating Sufficient Incentives for Human Capital
TEHRAN (Shana) -- The CEO of the National Petrochemical Company, while emphasizing the need to create sufficient motivation for human capital, said: "It is planned that all the products and equipment of the petrochemical industry be internalized within the next seven years."
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Liquid Ring Compressors Localized in Arvand Petchem Plant
TEHRAN (Shana) -- The liquid ring compressors of Arvand Petrochemical Company were localized by knowledge-based companies by reverse engineering method, relying on local experts.
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Bou Ali Sina Petchem Plant Eyes 2mt/y Output
TEHRAN (Shana) -- The CEO of Bou Ali Sina Petrochemical Company said the company is planning to supply 2 million tons of products in the current year which began on March 21, 2022.
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$30b Petchem Investment Opportunity up for Grabs by KBCs
TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization said: “We will create an innovation plant in the Petrochemical Special Economic Zone, which will provide a whopping $30 billion investment opportunity for knowledge-based companies.”
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Construction of $3b Petchem Projects in Ilam
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said Iran's petrochemical industry has $3 billion worth of petrochemical projects under construction in Ilam province, western Iran.
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Tondgouyan Petchem Plant to Celebrate Catalyst Self-sufficiency
TEHRAN (Shana) -- Head of Research and Technology of Shahid Tondgouyan Petrochemical Plant said the company is to be the first Iranian petrochemical firm to celebrate localization of all the catalysts, chemicals and heat transfer intermediate oils with the cooperation of Iranian knowledge-based companies.
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Bandar Imam Invests $1b to Collect APG
TEHRAN (Shana) -- The CEO of Bandar Imam Petrochemical Company considered the nature of the establishment of his company in the past half century as a form of social responsibility and reported on the company's $1 billion investment for collecting associated petroleum gas (APG) in the Persian Gulf Yadavaran Gas Refinery project.
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17% Growth in Sales of Amirkabir Petchem Plant
TEHRAN (Shana) -- The total sales value of Amirkabir Petrochemical Plant in the first 7 years of the current Iranian calendar year which began on March 21 increased by 17% compared to the same period last year.
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Biggest industrial Cooling Water Transmission System Overhauled
TEHRAN (Shana) -- The Mobin Energy Persian Gulf Company has successfully carried out overhaul of the largest cooling water transfer system for equipment in the country's industries for the first time since the establishment of petrochemical companies in Pars region.
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Petchems Accounting for 39.6% of Non-Oil Exports
TEHRAN (Shana) -- The Secretary General of the Petrochemical Industry Employers Association announced the share of petrochemical producers in non-oil exports at 39.6% in the first half of the current calendar year, which began on March 21.
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TPC Bracing for Strong Presence in Polymer Market
TEHRAN (Shana) -- Tabriz Petrochemical Company (TPC) has launched a polypropylene unit with an annual capacity of 30,000 tons with $20 million of investment, which will undoubtedly increase the company’s weight in the world of polymer competition.
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Minister Voices Support for Petchem Industry
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji voiced the Iranian Ministry of Petroleum’s all-out support for the completion of the petrochemical value chain.
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Condensate Revenues to be dwarfed by Petchem Income: Official
TEHRAN (Shana) – Iran’s petrochemical industry will rake in millions of dollars once new petrochemical compounds come online in the country by 2025, which will dwarf revenues from export of gas condensate, a senior oil official said.
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Petchem Feedstock Challenges Solvable with NIOC, NIGC Support: CEO
TEHRAN (Shana) – The CEO of the National Petrochemical Company announced the interaction and cooperation between National Iranian Oil Company (NIOC) and National Iranian Gas Company (NIGC) in order to solve the challenges of providing feedstock for petrochemical companies.
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Tondgouyan Petchem Plant Breaks PET Output Record
TEHRAN (Shana) -- The head of Shahid Tondgouyan Petrochemical Compound announced the historical production record of 756,000 tons of polyethylene terephthalate since the beginning of the current calendar year, which began on March 21
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Petchem Industry: Savior of Iran Economy under Sanctions
TEHRAN (Shana) -- At the peak of the sanctions, Iran's petrochemical industry earned more than $54 billion for the country, and on average, 80% of the export income of this industry has returned to the country's economic cycle through the NIMA FOREX system.
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Construction of Petchem Parks Key to Support KBCs: CEO
TEHRAN (Shana) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said: “With the launch of petrochemical parks, the slogan of the year (production, knowledge-based activities and job-creation) will be realized in the true sense because these parks will bring employment, value creation and modern technology to the country.”
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Bandar Imam Petchem Output Mix to hit 40 Items in 5 Years
TEHRAN (Shana) -- The CEO of Bandar Imam Petrochemical Company announced the increase of the company's products from the current 31 to 40 items in the next five years.
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44% Growth in net Profit of Amirkabir Petchem Plant
TEHRAN (Shana) -- Amirkabir Petrochemical Company registered a 44% growth in its net profit and 29% in its operating income in the first half of the current calendar year, which began on March 21.
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Shiraz Petchem Plant, Top Iran Urea Exporter
TEHRAN (Shana) -- For the first time after 6 decades of activity, Shiraz Petrochemical Company was selected as the top urea exporter in the calendar year of 1401 which began on March 21.
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POMC Begins Startup Operation of Padjem Petchem
TEHRAN (Shana) -- The CEO of Petropars Operation and Management Company (POMC) announced the startup operation of Polymer Padjam Complex by this company.
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PGPIC Generates $4bn in H1
TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said his company had generated over 4 billion dollars in the first half of the current calendar year, which began on March 21.
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119% Growth in Pardis Petchem Revenue
TEHRAN (Shana) -- Pardis Petrochemical Company achieved a whopping 119% increase in its revenue in the fiscal year of 1400 which ended on March 20, compared to the preceding year.