NPC:

Strategic studies essential for petchem industry development

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify target markets and identify opportunities and challenges for the development of Iran’s petrochemical industry over the next 20 years.

Europe, Potential Market for Iran Petchems

SHANA (Tehran) –Iran’s former deputy minister of petroleum for international affairs and trading, Ali Majedi, has said Iran could find good European buyers for its petroleum and petrochemical products.

Iran no longer needs to import five polymer grades

SHANA (Tehran) - Arvand Petrochemical, the largest producer of PVC and chlorine chains in West Asia, has achieved a historic production record for EPVC this Iranian year, eliminating the need for the country to import five specialized grades.

MP says petchem industry helps bypass sanctions, generate revenue

SHANA (Tehran) – The head of the parliamentary faction overseeing the oil, gas, and petrochemical industries described the petrochemical sector as one of the country's most vital industries.

NPC:

Petrochemical companies committed to returning forex to economy

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized that the petrochemical industry is committed to returning the foreign currency earned from exports to the country’s economic cycle, stating that all currency obligations of petrochemical companies have been fulfilled.

Localization of reactor prevents millions of dollar outflow

SHANA (Tehran) – The first domestically produced methanol synthesis reactor, which has been localized to prevent tens of millions of dollars outflow, was installed at the second phase of the Sabalan Petrochemical Complex.

New downstream petchem projects to be introduced

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that several new projects aimed at developing downstream petrochemical industries will soon be introduced across the country. These projects will take into account regional planning, existing infrastructure, and the availability of feedstock and water resources for investment.

Working under sanctions is challenging, but solutions exist: PGPIC

SHANA (Tehran) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) emphasized the implementation of new plans to sustain the country's economic momentum, stating that serious solutions for financing must be found even under sanctions. While sanctions bring difficulties, it cannot be said that there are no solutions.

Aryasasol Polymer Company expands export markets to 32 countries

SHANA (Tehran) – The CEO of Aryasasol Polymer Company announced that the company’s export markets have expanded to 32 countries, up from 16 countries in 2022, driven by direct sales.

Innovative solutions explored to enhance safety in petchem industry

SHANA (Tehran) – A specialized meeting of health, safety, and environment (HSE) managers from petrochemical companies across the country was held to address challenges, exchange experiences, and present innovative solutions aimed at enhancing safety and promoting sustainable development in the petrochemical industry.

Most comprehensive park of methanol chain launched at Mehr Tab Parsian Petrochemical

SHANA (Tehran) – The CEO of Mehr Tab Parsian Petrochemical Company described a project by his company as the most comprehensive park for producing methanol-derived products, aimed at completing the methanol production chain within subsidiary companies.

Third PetroTech Conference:

Technology in oil industry for boosting national wealth

SHANA (Tehran) – The deputy minister of oil for engineering, research, and technology stated that the Third PetroTech Conference is an opportunity for synergy between the oil industry, new technology-based firms (NTBFs), and researchers.

12 petchem projects underway in Kangan

SHANA (Tehran) – The CEO of the National Petrochemical Industries Company announced that 12 petrochemical projects, valued at $10 billion, are currently being implemented in Kangan.

Bandar Imam Petrochemical Company invests $150m in Hoveyzeh Persian Gulf Refinery

SHANA (Tehran) – The CEO of Bandar Imam Petrochemical Company announced the construction of two pipelines and the completion of the second phase of the Hoveyzeh Persian Gulf Gas Refinery, funded by a $150 million investment from the company.

Petchem industry aims to complete value chain, reduce raw material sales: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the industry's goal is to complete the value chain and reduce the sale of raw materials.

Continuous monitoring brings stability to petchem market: NPC

SHANA (Tehran) – The deputy oil minister emphasized that continuous monitoring and accurate reporting on the petrochemical market’s conditions help stabilize the market.

Petchem Industry: A key player in Iran’s economy

SHANA (Tehran) – Iran’s petrochemical industry has made significant strides over the past four decades, not only surpassing domestic needs but also becoming one of the country’s most vital sources of foreign currency. The industry now generates an annual revenue exceeding $23 billion.

Financial challenges resolved for incomplete petrochemical projects

SHANA (Tehran) – The CEO of Shastan Commercial Investment Company announced that the financial challenges for the second phase of incomplete petrochemical projects, including Bushehr Petrochemical, Negin Makran Petrochemical Development Company, Badr Shargh Petrochemical Complex, and Negin Bandar Abbas Petro Refinery, have been addressed.

Diversify petrochemical feedstock, urges NPC chief

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify the feedstock basket for petrochemical plants to ensure sustainable production as new projects come online.

Petchem industry continues bright path of Islamic Revolution: NPC

SHANA (Tehran) – The deputy minister of oil, in a message, emphasized that the petrochemical industry today continues the bright path of the Islamic Revolution, stating that every success and forward step in this industry is a continuation of the great popular movement.

Urmia Petrochemical Company to launch PAC plant

SHANA (Tehran) – The CEO of the Persian Gulf Petrochemical Complementary Industries Development and Investment Group (PGPDIG) announced that the Urmia Petrochemical Company's polyaluminum chloride (PAC) production project, set to become the largest such facility in the country, is nearing operational status.

Shahid Tondguyan Petrochemical Company to gain self-sufficiency in catalyst production

SHANA (Tehran) – Shahid Tondguyan Petrochemical Company is preparing to celebrate its self-sufficiency and independence from foreign catalyst purchases following the signing of a memorandum of understanding (MoU) to produce two catalysts, cobalt acetate and manganese acetate.

Petrochemical sector enjoys high potential in leveraging AI: VP

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy stated that the petrochemical industry, given its activities and favorable capacities, can achieve significant milestones in the use of artificial intelligence (AI).

Tripartite agreement signed to develop AI in petchem industry

SHANA (Tehran) – A cooperation agreement to develop an artificial intelligence assistant for the petrochemical industry was signed on Saturday among Hossein Afshin, vice president for science, technology, and knowledge-based economy; Hassan Abbaszadeh, CEO of the National Petrochemical Company; and Abbas Mousavi, President of Sharif University of Technology.

Petrochemical industry exports reach $10b in nine months: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company announced that the industry has exported $10 billion worth of products in the first nine months of the current Iranian calendar year (March 20–December 20, 2024), with projections estimating this figure will reach $13 billion by yearend (March 20).

Association head:

Petchem industry exports hit $10b

SHANA (Tehran) – The Secretary-General of the Petrochemical Industry Employers Association announced that petrochemical companies have earned $10 billion in forex revenue since the beginning of the current Iranian year (March 20, 2024), $8.5 billion of which supplied to the NIMA currency system.

NPC urges access to new markets for expanding petchem exports

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of utilizing all available capacities in the country to develop and diversify export markets with the goal of expanding exports.

Petchem investment to address 220 mcm gas shortfall

SHANA (Tehran) –The secretary-general of the Petrochemical Employers Association emphasized that the petrochemical industry is focusing on investing in oilfields, stating that the implementation of 10 memorandums of understanding (MoUs) between the National Iranian Oil Company (NIOC) and petrochemical holdings will help address the country’s gas imbalance by adding 220 million cubic meters of gas.

BIPC petrochemicals exports up 35%

SHANA (Tehran) – Bandar Imam Petrochemical Company (BIPC) exported 1.006 million tons of products in the first nine months of the current Iranian year, marking a 35% increase compared to the same period last year.