Petrochemical
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Dozens of Development Projects under way in Mahshahr Petchem Zone
TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization said 29 development projects were under construction to complete the value chain and reduce raw material sales in Mahshahr, southwestern Iran.
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Potassium Sulfate unit of Urmia Petchem Plant Operational
TEHRAN (Shana) -- Urmia Petrochemical Plant has launched its Potassium Sulfate Unit successfully as one of the downstream development projects of the petrochemical industry.
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PGPIC among ICIS 100 Top Chemical Firms
TEHRAN (Shana) – Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) has managed to maintain its position as one of the top 40 chemical companies in the world in the ICIS 100 Top Chemical Companies in 2020 despite severs US sanctions on the company.
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Urea Unit of Lordegan Petrochemical Plant Online
TEHRAN (Shana) -- The third phase of Lordegan Petrochemical Plant, as the largest producer of urea in western Iran, has come on stream with a daily production capacity of 3,250 tons by relying on domestic capabilities.
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Semi-Industrial MTP Unit of Mahshahr Research Center Operational
TEHRAN (Shana) -- The semi-industrial unit for production of propylene from methanol was put into operation by relying on Iranian technical savvy at the Research and Technology Center of Mahshahr, southwestern Iran.
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Iran Petchem Output 150 mt/y by 2026: CEO
TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would reach 150 million tons per year by 2026.
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Iran 5-Month Petchem Output up 6% Y/Y
TEHRAN (Shana) -- Production of petrochemicals in the first five months of the current calendar year, which began on March 20, rose by 6% compared to the same period last year in Iran.
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Iran Eyes more Diversified Petchem Output by 2025
TEHRAN (Shana) -- The Deputy Minister of Petroleum for Petrochemical Affairs said major development plans were under way in the petrochemical industry to add more diversity to the country’s petrochemical output by 2025.
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5-Month Output of Noori Petchem Plant 10% Up Y/Y
TEHRAN (Shana) -- The CEO of Noori Petrochemical Company said the plant’s output saw a 10% increase in the first 5 months of the current calendar year, which began on March 20, year-on-year.
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Rouhani Inaugurates Major Oil, Gas Projects
TEHRAN (Shana) – Iranian President Hassan Rouhani has launched three major oil, gas and petrochemical projects via videoconference.
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Countdown Begins to Launch 1st Phase of Bushehr Petchem Plant
TEHRAN (Shana) -- Bushehr Petrochemical Plant’s gas sweetening, ethane and methanol production units with an annual production capacity of 4 million tons will be inaugurated by an order from Iranian President Hassan Rouhani on Monday, August 24, 2020.
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Iran Petchem Revenues to hit $25 billion by 2021: Rouhani
TEHRAN (Shana) – Iranian President Hassan Rouhani said Iran’s revenues from export of petrochemical products would reach $25 billion by 2021.
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Iran Eyes 1st Rank in Regional Petchem Industry
TEHRAN (Shana) – The Deputy Petroleum Minister for Petrochemical Affairs said Iran would rank first in the region once its materializes plans under the 3rd petrochemical leap by 2025.
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Completing Petchem Production Chain, Key to Circumventing Sanctions: MP
TEHRAN (Shana) -- A member of the Industries and Mines Committee of the parliament said, "In the current situation where economic sanctions have created problems for oil sales, completing the production chain in the petrochemical industry is tantamount to circumventing the embargoes."
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Karoun Petchem Plant Fosters Diversity of Product Portfolio
TEHRAN (Shana) -- Karoun Petrochemical Plant’s product portfolio was further diversified with the unveiling of the KLM100B (L) grade of isocyanate chain.
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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.”