Tag Archives | petrochemicals

Norwegian Firm in Iran Tech Transfer

Iran’s Petrochemical Research and Technology Company (PRTC) signed a heads of agreement (HoA) with Norway’s Norner, a global market leader of Industrial R&D services in polymers, for transfer of state-of-the-art technical savvy for production of polypropylene to PRTC. From PRTC Esmaeil Ghambari, the company’s managing director, and from Norner, director of its business development, Lars […]

New PetChem Projects to Come Online in Assaluyeh

Head of the National Petrochemical Company of Iran (NPC) Marzieh Shahdaei has said seven new petrochemical projects will come on stream in Iran’s Pars Special Economic Energy Zone by the yearend. Seven petrochemical projects will become operational in the South Pars gas field in Assaluyeh on Iran’s Persian Gulf coast by the end of the […]

Korean Company considers setting up Petchem Plant in Iran

By John Lee. South Korean chemical and textile company Hyosung Corporation has reportedly signed a memorandum of understanding (MoU) with Iran’s state-run National Petrochemical Company (NPC). According to Pulse News the company said it has been in talks with Iran with a view to setting up a polypropylene (PP) production base in the country, but has […]

Plant Eyes Europe as Future Market for MEG Output

Morvarid Petrochemical Plant, a supplier of monoethylene glycol (MEG) in Iran, is planning to expand its export markets to Europe and India. The plant’s managing director, Gholamreza Jokar, said the previous calendar year which ended on March 20 was a favorable year for his company as it bolstered activities at its MEG unit and could […]

KPP Biggest Industrial Investment in Kurdistan

Iranian Minister of Petroleum Bijan Zangeneh says the western province of Kurdistan has seen the inauguration of the biggest industrial project in its history now that the Kurdistan Petrochemical Plant (KPP) has been officially inaugurated. Iran launched a 300,000-ton petrochemical project on Saturday in a ceremony that was attended by Iranian President Hassan Rouhani and […]

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 […]