PGPIC reports 7% production growth

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said the company’s production rose 7 percent last year as a result of research and development investments. He added that technology and innovation generated 590 trillion rials in additional operating revenue and cut operating costs by 180 trillion rials.

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.

Petrochemical companies lead in environmental protection

SHANA (Tehran) – The secretary-general of Iran’s Petrochemical Employers Association said preventing pollution and advancing development projects through modern global technologies represent a strategic step toward national progress. He added that the petrochemical sector must move toward balanced growth by relying on skilled and specialized human resources.

Tapping idle capital to finance petchem growth

SHANA (Tehran) – The deputy head of Parliament’s Industries and Mines Committee emphasized legislative support for the petrochemical sector, saying fundamental steps must be taken to expand various segments of the industry and attract idle capital to finance its development projects.

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.

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.

Strengthening private sector a key policy in Seventh Development Plan

SHANA (Tehran) — Executive Vice President described strengthening the private sector as a cornerstone of the country’s Seventh Development Plan, saying that transferring industry and production to private hands will pave the way for national progress.

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.

Generative AI: A new path to value creation in petchem industry

SHANA (Tehran) – The head of information systems and digital transformation at the National Petrochemical Company (NPC) highlighted the need to integrate artificial intelligence into the petrochemical industry, saying generative AI can help design, evaluate and execute production scenarios and goals simultaneously, while also supporting marketing and new product development.

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.

Energy management system to be implemented in petchem industry

SHANA (Tehran) – Ali Rabani, director of energy consumption optimization at the National Petrochemical Company (NPC), announced plans to implement an energy management system across Iran’s petrochemical industry. He urged holding companies and petrochemical firms to make full use of available resources for the system’s deployment.

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.

Support for NTBFs, key to petrochemical downstream growth

SHANA (Tehran) – The director of research, technology, and domestic manufacturing at the National Petrochemical Company (NPC) emphasized the need for intelligent support of new technology-based firms (NTBFs), the development of local technologies, and the creation of a sustainable value chain to secure Iran’s share in regional and global petrochemical markets.

Iran targets 7 million-ton hike in polymer production

SHANA (Tehran) – Iran’s polymer industry is poised for a major leap, driven by the expansion of new petrochemical projects and the country’s vast oil and gas resources. According to official plans, Iran’s polymer production capacity is expected to reach 16 million tons per year by the end of the Seventh Development Plan — an increase of 7 million tons.

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.

Petchem industry plays strategic role in Iran’s economy, currency supply

SHANA (Tehran) — Iran’s petrochemical sector remains competitive despite sanctions and provides nearly half of the country’s foreign currency needs and about 25% of non-oil exports, a senior official said Tuesday.

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.

Petrochemical industry focused on stable feedstock supply

SHANA (Tehran) – The National Petrochemical Company’s production control director said Iran’s petrochemical output in 1404 has remained defensible despite a 12-day war, with field development, flare gas recovery and investments in gas-saving projects identified as key strategies to secure stable feedstock.

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.