Shana

Convergence, collaboration key to sustainable production in petchem industry

SHANA (Tehran) – The CEO of National Petrochemical Company (NPC) emphasized that cooperation among petrochemical holdings and companies, along with the implementation of NPC’s approved programs during the 12-day imposed war, helped achieve planned objectives in emergency management.

Petchem industry: Iran’s strategic stronghold in times of crisis

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC), in a message, praised the selfless dedication of the industry’s employees during the 12-day attack by the Zionist regime, calling the petrochemical sector a strategic, people-centered institution and a pillar of the country in critical times.

Shahid Tondguyan Petrochemical Company denies rumors of attack

SHANA (Tehran) – Shahid Tondguyan Petrochemical Company stated that no attack has occurred at its facility and operations are continuing as usual.

Sustainable development of petchem industry in collaboration with DoE

SHANA (Tehran) - The CEO of the National Petrochemical Company emphasized that environmental protection is essential for sustainable development, stating that enhancing cooperation between the petrochemical industry and the Department of the Environment (DoE) is a priority, with joint programs already drafted and submitted.

Privatization in petrochemical industry completed

SHANA (Tehran) - The head of Iran’s Privatization Organization announced the transfer of approximately 65 petrochemical companies to the private sector and non-governmental public institutions, stressing that the government no longer holds a significant stake in the industry. 

NPC:

Full utilization of petchem industry capacity requires $18b investment

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need for stable feedstock supply, stating that addressing challenges and fully utilizing the petrochemical industry’s potential requires an investment of approximately $18 billion.

Petrochemical Research and Technology Company focuses on commercializing technical knowledge

SHANA (Tehran) – The CEO of the Petrochemical Research and Technology Company (NPC-RT) emphasized the localization of technical knowledge for oil industry catalysts in collaboration with new technology-based firms (NTBFs) as the company’s most significant achievement.

Petchem companies invest $5b to collect gas flares

SHANA (Tehran) – The HSE director of Iran’s National Petrochemical Company (NPC) emphasized the industry’s role in reducing flare gas emissions, announcing a $5 billion investment by petrochemical companies to collect flare gases upstream and draft a strategic plan for flare gas management.

Petchem industry accounts for 19% of Iran’s industrial value-added 

SHANA (Tehran) – The petrochemical industry contributes 19% of Iran’s industrial value-added while consuming only 8% of the country’s hydrocarbon resources, said Hamidreza Ajami, investment manager at the National Petrochemical Company (NPC).  

NPC: Special contracts defined for downstream industry development

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the development of the value chain as a key priority for the petrochemical industry in the Seventh Development Plan and the 14th administration’s agenda. He noted that special contracts have been established to expand downstream industries.

University centers play key role in petchem industry development

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of strong, ongoing collaboration between industry and academia, stating that this partnership facilitates the petrochemical industry’s development by leveraging global knowledge and technology.

NPC calls for balanced petchem development, warning against short-term fixes

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to revise the development model of the petrochemical industry, stating that a more comprehensive approach is required to fully integrate the value chain and prevent resource wastage—one that ensures balance across the chain and avoids decisions influenced by short-term considerations.

Tax incentives for AI development in petchem industry

SHANA (Tehran) – The advisor to the CEO of the National Petrochemical Company (NPC) announced efforts to create a data lake to leverage artificial intelligence capabilities in the petrochemical industry, adding that tax incentives have been proposed to accelerate the process.

PGPIC secures license for largest capital market financing via securities

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Corporation (PGPIC) announced that the holding company has over $12 billion in unfinished projects, stating that a license for the largest capital market financing through securities has been obtained to realize the goal of "investment for production."

Digitalization: A strategic imperative for the future of petchem industry

SHANA (Tehran) – The adoption of cutting-edge technologies and digitalization is a strategic necessity for the future of the petrochemical industry. Given its existing infrastructure and domestic technological capabilities, Iran can solidify its position in this global transformation by developing a cohesive strategy.

Bandar Imam Petrochemical Complex ranks first in Iran’s petrochemical production

SHANA (Tehran) – The Bandar Imam Petrochemical Complex produced more than 4.87 million tons of products in the Iranian calendar year 1403 (2024-25), achieving an 8% growth and securing the top production rank among Iran’s 72 active petrochemical plants, according to the National Petrochemical Company.

CEO: Miankaleh project has no permit from NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the Miankaleh Petrochemical Project failed to obtain environmental permits from the outset and emphasized that no permit was issued by the company for the project. The matter is now under review in compliance with a formal order from the president, with a comprehensive report being prepared.

Use of Iranian expertise in Niger’s petchem projects

SHANA (Tehran) - The CEO of Iran’s National Petrochemical Company (NPC) expressed Iran’s willingness to participate in the construction of petrochemical complexes in Niger and emphasized readiness to supply urea for the African nation’s agricultural sector.  

NPC:

Petchem production capacity to hit 105m tons by year-end 

SHANA (Tehran) - The CEO of the National Petrochemical Company (NPC) announced that by the end of the Iranian calendar year 1404 (March 2026), the nominal production capacity of the petrochemical industry is expected to reach 105 million tons, with exports of approximately 34.8 million tons worth about $13.6 billion. 

Iran ready to export petchem products to Africa

SHANA (Tehran) – Iran’s first vice president announced the country’s readiness to accelerate Africa’s industrial growth through petrochemical exports.

Stability in PVC market as Arvand Petrochemical boosts production

SHANA (Tehran) – Arvand Petrochemical has significantly increased production of various PVC grades by addressing challenges and implementing development strategies, playing a key role in stabilizing Iran’s PVC market.

Karun Petrochemical Complex sets monthly isocyanate production record

SHANA (Tehran) – The manager of Karun Petrochemical Complex announced that the facility broke Iran’s monthly isocyanate production record over the past four years.

Plans underway to expand presence in Eurasian market

NPC: Petchem exports to Russia see significant growth

SHANA (Moscow) – The CEO of the National Petrochemical Company (NPC) announced a rise in petrochemical exports to Russia and the development of infrastructure to expand bilateral cooperation.

Petchem industry development focused on southern coasts: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) said the petrochemical industry is expanding along the coasts of the Persian Gulf and the Sea of Oman due to favorable infrastructure and access to open waters, with new investors being concentrated in the Makoran region.

Abadan petrochemical production resumes

SHANA (Tehran) – The utility and PVC units of the Abadan Petrochemical Complex have resumed production after resolving operational challenges.

Head of judiciary highlights forex savings through sustainable production

SHANA (Tehran) – During a visit to Hegmataneh Petrochemical in Hamedan on Monday, Judiciary Chief Gholamhossein Mohseni-Ejei emphasized the importance of reviving production units across the country, particularly this year, which has been designated as the "Year of Investment in Production."

Utilizing petchem industry capabilities to achieve the year's economic slogan

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to attract new investments and boost production, stating that in the "Year of Investment for Production," all available capacities in the petrochemical industry must be leveraged to realize the year's slogan.

Karoun Petrochemical Company production grows 17%

SHANA (Tehran) – The CEO of Karoun Petrochemical Company announced a 17.4% increase in production in 1403 compared to 1402.

NPC: 18 petchem projects nearing operation

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the year 1404 (2025-2026) will be the peak year of the Seventh Development Plan (2024-28), with around 18 projects worth a total of $5 billion set to become operational.

NPC:

Unfinished petchem projects to be finalized by late September

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that unfinished petrochemical projects must be reviewed, adding that lawmakers have set a deadline of late September 2025 to resolve their status.