Tag Archives | petrochemicals

Major Petchem Plant Launched in Western Iran

The western province of Kurdistan saw inauguration of a major petrochemical plant, the biggest industrial project in the province’s history, on the first working day of the new Iranian calendar year. The plant, whose production began in 2005, is built for production of 300,000 tons of light-density polyethylene in a push to complete the petrochemical […]

Hyundai Signs $3.2bn Iran Petchem Deal

Iran’s Ahdaf Investment Company and Korea’s Hyundai Engineering Co. (HEC) have signed a deal for a 3 billion-euro ($3.2 billion) petrochemical project, a report said. The agreement covers the construction of the second phase of the Kangan Petro Refining Company. “The financing of this project will be finalized within nine months at the rate of […]

PGPIC Invests $6.2bn in Petchem Projects

The Persian Gulf Petrochemical Industries Company (PGPIC) has invested over 6.2 billion dollars in the development of petrochemical projects in Iran, the company’s CEO says. Speaking to NIPNA, Adel Nejad Salim said his company is currently running 70 percent of Iran’s petrochemical development projects by investing the amount in them. PGPIC is governing 80 petrochemical […]

Iran Eyes $20bn in Petchem Exports

Iran will most likely be generating over 20 billion dollars in petrochemical revenues within the next few years once new projects come on-stream, an official with the National Petrochemical Company (NPC) says. Addressing a conference on the Economy of Resistance, Farnaz Alavi, director of planning and development at NPC, said the country’s revenues of petrochemical […]

Iran Raises Petchem Output under Rouhani

Iran saw its petrochemical output grow by 7.5 million tons/year under Iranian President Hassan Rouhani, a petrochemical official said. Addressing a press conference on Wednesday, Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said the country’s petrochemical production capacity rose by 16% under President Rouhani who took office in 2013. Iran’s total petrochemical production capacity […]

Iran in Talks with European Firms on Petchem Projects

Iran is negotiating with major European enterprises from France, Germany and Britain on cooperation in petrochemical projects, an official announced, saying the talks have not still led to any agreement. Speaking to reporters in Tehran on Wednesday, Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said Iran continues to hold talks with France’s […]

Petchem Industry needs $55bn Investment over 10 Yrs

Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next 10 years. The Managing Director of the National Petrochemical Company (NPC) Marziyeh Shahdaei has said Iran will need $20 billion […]

Iran Plans to Launch 5 Petchem Projects by March

Iran is to launch 5 new petrochemical projects within the remaining two month of the current calendar year to March 20, a senior petrochemical official said. Managing Director of the National Petrochemical Company (NPC), Marziyeh Shahdaei, said that 4 projects will come on-stream during the Fajr Decade, marked as the anniversary of the victory of […]

Iran Seeks Foreign Investment for 25 Petchem Projects

Iran is seeking to encourage foreign investment to build 25 petrochemical projects, an official with Iran’s National Petrochemical Company (NPC) said. The NPC is proposing joint or individual investor participation in building the projects, Farnaz Alavi, NPC’s director for planning and development said on Saturday, according to Shana. Providing feedstock for five more projects was […]

Iran Looks to Turn Tabriz Into Petchem Hub

Iran is planning to build major petrochemical projects in the vicinity of the northwestern city of Tabriz in order to transform the region into a petrochemical heavyweight in the country and the region. Speaking during a ceremony to break the ground for an ethylene pipeline project in Tabriz, Iranian Minister of Petroleum Bijan Zangeneh expressed […]