Aging petchem plants risk losing global competitiveness without upgrades

SHANA (Tehran) – Mahmoud Aminnejad, deputy for development and business at Persian Gulf Petrochemical Industries Company, said that continuing to operate Iran’s 60-year-old petrochemical units without modernization and technological upgrades will push them out of the global competitive cycle and even make them unprofitable.

NPC: Production focus should not hinder tech development in petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company said the industry must deepen its focus on research and domestic manufacturing, emphasizing that years of dealing with production issues, feedstock concerns and daily operational challenges have diverted attention from solving the sector’s technological problems.

Trust in domestic capacity key to supplying $2b in petchem equipment

SHANA (Tehran) – The head of the National Petrochemical Company (NPC) highlighted the industry’s annual need for roughly $2 billion in foreign-made equipment and said building confidence in domestic manufacturers can turn Iran into a large national production hub.

Completion of flare gas recovery chain at Bidboland refinery

SHANA (Tehran) – The CEO of the National Petrochemical Company said the Bidboland Persian Gulf Gas Refining Complex, the country’s largest flare gas recovery project, is now receiving 80% of its feedstock capacity and is supporting petrochemical plants.

Call to revive production, remove barriers at Abadan Petrochemical Company

SHANA (Tehran) – The CEO of the National Petrochemical Company underscored the need to remove existing obstacles and revive production at the Abadan Petrochemical Company to meet downstream industry demand and strengthen the petrochemical value chain.

Iran expanding petrochemical exports to Eurasian market

SHANA (Tehran) – The head of the National Petrochemical Company said Iran is increasing its petrochemical exports to Eurasian markets.

Fulfilling social responsibilities with a targeted approach

SHANA (Tehran) – The CEO of the National Petrochemical Company underscored the central role of the Strategic Council of the Mahshahr Petrochemical Special Economic Zone in advancing the social responsibilities of petrochemical companies in the region, saying budget allocation and implementation of these commitments must be carried out precisely and with clear objectives.

Gas savings in petchem sector hit 1.7 bcm

SHANA (Tehran) – The National Petrochemical Company’s energy optimization director says Iran’s petrochemical industry has saved 1.7 billion cubic meters of natural gas over the past four years through efficiency projects. He added that the sector is targeting annual savings of more than 200 million cubic meters this year.

Second phase of NPC–NIGC launched to boost energy efficiency

SHANA (Tehran) – The National Petrochemical Co. (NPC) and the National Iranian Gas Company (NIGC) have signed a memorandum of understanding aimed at encouraging petrochemical companies to invest in natural gas efficiency and conservation projects.

Operation of 2 Petrochemical Projects

Attracting private investment remains a priority

SHANA (Tehran) - The CEO of the National Petrochemical Company emphasized the industry’s commitment to the private sector’s role in petrochemicals, saying attracting genuine private investment is one of the company’s main policies. “We must facilitate and support investors to make their path smoother,” he added.

Appointment of acting public relations chief at NPC

SHANA (Tehran) – The National Petrochemical Company appointed Peyman Karimi as acting head of public relations, the company announced.

NPC appoints acting head of IT, communications

SHANA (Tehran) – The CEO of the National Petrochemical Company appointed Shahram Rezaei as acting director of the company’s Information and Communications Technology Department.

Petchem sector meets all first-year goals of Seventh Development Plan

SHANA (Tehran) – The head of Iran’s National Petrochemical Company said the petrochemical industry achieved 100% of its first-year targets under the Seventh Development Plan and called for stricter safety inspections and stronger process-safety systems.

Gov’t reviewing classification of petchem raw, semi-processed products

SHANA (Tehran) – The Iranian government is re-evaluating the list of petrochemical raw and semi-processed materials, the head of the National Petrochemical Company (NPC) said.

Only 15% of Iran’s petchem investments come from genuine private sector players

SHANA (Tehran) – The National Petrochemical Company’s managing director said the industry is focusing on attracting investment from genuine private sector players, noting that only about 15% of the $92 billion invested in Iran’s petrochemical sector so far has come from real private investors.

Formation of seventh development plan committee at NPC

SHANA (Tehran) – The National Petrochemical Company (NPC) has established a specialized committee dedicated to the implementation of Iran’s Seventh Development Plan, emphasizing its importance for the petrochemical sector, the company’s CEO announced.

Digital mindset key to petrochemical industry’s growth

SHANA (Tehran) – Hossein Alimorad, director of planning and development at the National Petrochemical Company (NPC), emphasized the need to redefine governance structures and institutions to achieve digital governance, saying that fostering a digital-oriented mindset is essential for realizing digital transformation.

NPC, ICT Ministry collaborate on education equity, smart schools

SHANA (Tehran) – The National Petrochemical Company (NPC) has been tasked by the president to work with the Ministry of Information and Communications Technology (ICT) on promoting education equity and smart schools, NPC Managing Director Hassan Abbaszadeh announced. The initiative is currently underway, with results expected in the coming months.

Research and tech: Petchem industry’s smart development arm

SHANA (Tehran) — The National Petrochemical Company’s (NPC) managing director described the Petrochemical Research and Technology Company (PRTC) as a valuable asset for the industry and called for the optimal use of its knowledge-based capacities to advance the sector.

Land use planning decree for petrochemical industry enforced

SHANA (Tehran) – The executive decree on land use planning for the petrochemical industry has been officially communicated to petrochemical holding companies and firms, according to the National Petrochemical Company (NPC).

Methanol value chain projects planned for Lamerd Economic Zone

SHANA (Tehran) – The head of the National Petrochemical Company (NPC) highlighted the strategic role of the Lamerd Special Economic Zone in advancing Iran’s petrochemical industry and reducing crude sales, announcing extensive plans to complete the methanol value chain in the region.

Completing the value chain, key to petchem industry growth

SHANA (Tehran) – The CEO of the National Petrochemical Company emphasized the importance of completing the value chain in Iran’s petrochemical sector, saying that Fars Province offers favorable conditions for establishing small-scale, low-water-consuming industrial units. He noted that several gas and industrial companies are currently investing in the southern part of the province.

Easing investment in petrochemical industry necessary

SHANA (Tehran) – The head of Iran’s National Petrochemical Company stressed the need to attract new investments and boost production, urging the use of all available capacities to finance petrochemical projects.

Parliament’s Energy Committee reviews statutes of refining, petrochemical firms

SHANA (Tehran) – The spokesman for Parliament’s Energy Committee said Monday the panel reviewed draft statutes for the National Iranian Oil Refining and Distribution Company and the National Petrochemical Company.

Sustainable petchem production tied to stronger state-industry coop

SHANA (Tehran) – The head of Iran’s National Petrochemical Company stressed the need for cooperation between the state and petrochemical companies to ensure sustainable production, saying that the new Commission for Arbitration Development in the industry could help strengthen alignment among sector players.

Petchem industry saves 1.7 bcm of gas through efficiency measures

SHANA (Tehran) – The energy optimization director of the National Petrochemical Company announced that 1.7 billion cubic meters of gas have been saved over the past four years through efficiency projects.

Private sector holds 15% share in Iran’s petrochemical industry

SHANA (Tehran) – About 15% of Iran’s petrochemical industry is currently controlled by the private sector, the head of the National Petrochemical Company said Monday, expressing hope that the share will increase by the end of the country’s Seventh Development Plan.

NPC chief urges energy conservation, highlights value creation from gas

SHANA (Tehran) – The head of Iran’s National Petrochemical Company stressed the need to promote energy conservation, saying the petrochemical industry plays a key role in creating value from natural gas through feedstock use and value-chain development.

NPC launches new product specification system

SHANA (Tehran) – The National Petrochemical Company (NPC) unveiled a new system Wednesday designed to standardize and bring transparency to the technical specifications of its products.

Petrochemical sector key to national economy amid sanctions

SHANA (Tehran) – The petrochemical industry is central to supporting the national economy, said the secretary-general of the Petrochemical Industry Employers Association.