Iran's Petrochemical Industry

Private sector to play bigger role in Iran's 3rd petchem leap: official

TEHRAN, Jan. 15 (MNA) – The CEO of the National Petrochemical Company (NPC) said that the presence of smart local private sector companies would be remarkable in the materialization of the third petrochemical leap of the country.

Iran to launch $2b petchem projects by March 2020: official

TEHRAN, Jan. 14 (MNA) – A senior Iranian petrochemical official said the country was expected to launch several petrochemical projects by the end of the current calendar year (March 19), with a total value of nearly 2 billion dollars.

Iran to launch 23 petrochemical projects in Asaluyeh

TEHRAN, Jan. 12 (MNA) – A senior petrochemical official said plans are underway to launch 23 petrochemical plants in Asaluyeh Petrochemical Zone, southern Iran.

Iran eyes 16 new petchem items by 2025

TEHRAN, Jan. 01 (MNA) – The National Petrochemical Company (NPC) CEO said that the Iranian petrochemical industry would be supplying 16 new items by 2025.

Petchem industry, vanguard of supplying Iran's needed forex: CBI head

TEHRAN, Dec. 31 (MNA) – The head of the Central Bank of Iran said that petrochemical companies were the vanguard of supplying the country's needed foreign currency.

Petchem progress in line with Establishment policies: Zanganeh

TEHRAN, Dec. 30 (MNA) – Iran’s Oil Minister Bijan Namdar Zanganeh says the development of petrochemical plants is going on in line with the policies of the Islamic establishment of Iran to create jobs and prevent the sale of crude oil and gas.

President Rouhani pays visit to exhibition on petchem industry achievements

TEHRAN, Dec. 30 (MNA) – Iranian President Hassan Rouhani paid a visit on Monday to an exhibition held in Tehran that showcases the latest achievements of the country in the petrochemical industry.

Jam petchem plant breaks output record

TEHRAN, Dec. 28 (MNA) – Jam Polypropylene Company has set a new production record in the first 8 months of the current calendar year, which began on March 21.

Iran's catalyst market worth $400mn: NPC chief

TEHRAN, Dec. 17 (MNA) – The CEO of the National Petrochemical Company (NPC) said that Iranian refineries and petrochemical plants’ consumption of catalysts currently stands at 400 million dollars per annum.

Tondgouyan petchem plant hits 23% increase in 8-month output

TEHRAN, Dec. 13 (MNA) – The output of Tondgouyan Petrochemical Plant has broken a new record in the first 8.5 months of the current calendar year (since March 21), growing 23% year-on-year.

RIPI saves Iran $200m by indigenizing technical equipment

TEHRAN, Dec. 13 (MNA) – The Research Institute of Petroleum Industry (RIPI) head said the institute had saved the country $200 million by supporting knowledge-based companies and providing and commercializing items needed in the industry.

Pars petchem plant's exports up by %21.5: CEO

TEHRAN, Dec. 12 (MNA) – Despite the tightening of sanctions, exports of Pars Petrochemical Plant have increased by 21.5 percent in the past eight months of this year compared to the same period last year, according to its CEO.

Gas collection project in Doroud oilfield to generate $700k revenues

TEHRAN, Dec. 11 (MNA) – A project was launched to transfer to Khark Petrochemical Company low-pressure gases collected in Doroud III.

Major petchem plant exceeds envisaged output

TEHRAN, Dec. 10 (MNA) – Iran’s Noori Petrochemical Plant produced a total of 2.9 million tons of petrochemicals in the first 8.5 months of the current calendar year, which began on March 21, which is beyond its output goal.

NPC serious in purposeful development of petchem projects

TEHRAN, Dec. 09 (MNA) – The CEO of the National Petrochemical Company (NPC) said that the company has launched an initiative to orchestrate petrochemical projects in the industry.

NPC mulls construction of $8bn petchem project

TEHRAN, Dec. 05 (MNA) – Plans are underway to construct an $8-billion petrochemical megaproject by Iranian petrochemical holdings, a senior petrochemical official said.

Iran's export of petrochemical products surge despite US sanctions

TEHRAN, Dec. 04 (MNA) – As the Islamic Republic of Iran experiences the toughest ever oil sanctions, export of petrochemical products from South Pars Gas Field indicated a 39 percent growth in the Iranian month of Aban (from Oct. 21 to Nov. 22).

Downstream petrochemical industries’ equipment to be indigenized

TEHRAN, Dec. 01 (MNA) – Member of Board of Directors of Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM) Reza Khiamian said that manufacturing downstream petrochemical industries’ equipment will be localized.

CEO of Khark Petrochemical Plant:

Project for collecting associated gases to be launched in Khark

TEHRAN, Nov. 28 (MNA) – The CEO of Khark Petrochemical Plant said the company was to launch a project for collecting associated gases in Khark Island by next week.

Iranian petchem plants materializing sales goals despite sanctions

TEHRAN, Nov. 24 (MNA) – Iranian petrochemical plants have been able to materialize their sales and production goals despite the US sanctions and reduced prices.

Arvand petchem plant relies on local suppliers for catalysts

TEHRAN, Nov. 20 (MNA) – The CEO of Arvand Petrochemical Plant said the company supplied 70% of its need for catalysts from domestic producers.

Goods imports for development of SPGF up by 53% in seven months

TEHRAN, Nov. 16 (MNA) – The Director General of Customs Office of Pars Special Economic Energy Zone (PSEEZ) Ahmad Pourheidar revealed the significant 53 percent increase in goods imports for the development of phases and petrochemical complexes in the zone in the first seven months of the current year (March 21 – Oct. 22).

Petchem output, exports going on as planned: PGPIC CEO

TEHRAN, Nov. 13 (MNA) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said that the production and export of petrochemicals are continuing as scheduled in Iran.

18 petchem projects in Chabahar to come on stream from 2022: official

TEHRAN, Nov. 12 (MNA) – As many as 18 petrochemical projects will be designed and implemented in Chabahar Free Zone from 2022 onward, according to an official.

Petchem plant output exceeds expectations since March

TEHRAN, Nov. 05 (MNA) – The productivity of Tondgouyan Petrochemical Company, the largest supplier of PET in Iran, stood at 103% of its nameplate capacity in the first 7 months of the current calendar year, which began on March 21.

IME to offer over 79,000 tons of oil, petrochemical products

TEHRAN, Nov. 02 (MNA) – About 79,615 tons of vacuum baton (the primary material of bitumen production and fuel oil), bitumen, chemicals, polymerized materials, sulfur and lube cut will be offered at Iran Mercantile Exchange today on Saturday.

Mineral projects worth $4.5bn to become operational by yearend: IMIDRO

TEHRAN, Oct. 28 (MNA) – A number of mineral projects worth $4.5bn will become operational by the end of the current Iranian calendar year (March 20, 2020), according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran to launch major petchem water treatment facility by March 2021

TEHRAN, Oct. 27 (MNA) – The CEO of Bandar Imam Petrochemical Company said that the construction of the largest petrochemical water treatment facility in the country had so far achieved 53% physical progress, adding the plant was planned to come online by March 2021.

European firms keen on resuming ties with Iran petchem suppliers

TEHRAN, Oct. 24 (MNA) – European companies are looking to resume ties with Iranian petrochemical companies, the CEO of Tondgouyan Petrochemical Company said.