Petrochemical
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NPC Eyes average value of Iran Petchems at $5k/t
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) stressed that all petrochemical industry activists should bring their abilities to the field to complete its value chain, and said: "We should bring the average value of petrochemical products to at least 4,500 to 5,000 dollars per ton."
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Petchem trading up 13% on IME
TEHRAN (Shana) – A board member of the Iran National Plastic and Polymer Industries Association announced a 13% increase in the trading volume of petrochemicals on the Iran Mercantile Exchange (IME) from the beginning of the current Iranian calendar year on March 21. compared to the same period last year.
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Bandar Imam Petchem Plant Ready to Finance NISOC Projects
TEHRAN (Shana) -- The CEO of Bandar Imam Petrochemical Company announced the company's readiness to invest in the optimization and maintenance projects of liquefied gas facilities of the National Iranian South Oil Company (NISOC).
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Most Advanced Chemical Wastewater Treatment Plant Launched in Ilam
TEHRAN (Shana) -- The ultra-saline wastewater treatment project of Ilam Petrochemical Complex using the "ZLD" system was launched for the first time in Iran.
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Iran 8-Month Petchem Output at 47 mt
TEHRAN (Shana) – Iran’s petrochemical output reached 47 million tons in the first 8 months of the current Iranian calendar year which began on March 21.
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1st Methanol to Synthetic Ethanol Plant to be built in Iran
TEHRAN (Shana) – A methanol-to-synthetic ethanol conversion plant will be built for the first time in the country's petrochemical industry with the signing of the technology transfer agreement for this project between Zagros Petrochemical Company and China's Dalian.
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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.”