Tag Archives | petrochemicals

Iran Eyes Petchem Deal with Total in a Month

Iran is about to sign a petrochemical deal with French energy major Total by November, a petrochemical official said. Director of investment at the National Petrochemical Company (NPC), Hossein Alimorad, said the Persian Gulf Petrochemical Industries Company (PGPIC) is about to sign a contract with Total to carry out economic studies on a petrochemical project […]

Philippines Considers Investing in Iran Petchem Sector

Tehran and Manila held talks on enhancing energy ties and petrochemical investment in Iran. Iranian Minister of Petroleum Bijan Zangeneh and Jose De Venecia, special representative of the Philippines president, met in Tehran on Tuesday to discuss energy ties and petrochemical investment in Iran. Supplying feedstock to refineries in Philippines by Iran and financing petrochemical […]

Iran Eyes 13 New Petchem Items by 2022

Iran’s National Petrochemical Company (NPC) has planned to facilitate production of 13 new petrochemical products by the end of the 6th five-year development plan to 2022. NPC is planning to import the required technical savvy and licenses from across the globe for production of the items. Iranian Minister of Petroleum Bijan Zangeneh has also voiced […]

“No Problem” in China’s Payment for Iran Petrochemicals

An Iranian deputy oil minister said minor issues impeding the payments Iran receives from China for the export of petrochemicals have been resolved. There has never been any obstacle to the Iranian export of petrochemical products, CEO of Iran’s National Petrochemical Company (NPC) Marziyeh Shahedaei [Marziyeh Shah-daei] said on Monday. As regards the delays in […]

Ilam Petchem Plant to Launch SRU Unit by Year-End

Ilam Petrochemical Plant is banking on inauguration of its sulfur recovery unit (SRU) by the end of the current calendar year to March 20, the managing director of the facility said. Farhad Daneshi said the facility is now building two units which are olefin and SRU of which the latter will come online before the […]

PRTC in Alliance with 8 Foreign Firms

Iran’s Petrochemical Research and Technology Company (PRTC) has teamed up with 8 foreign companies aiming at technology transfer to the country, PRTC managing director says. Esmaeil Ghanbari said his company seeks innovation and development in the sector by establishing new ties with international companies. Speaking to Mashal Monthly, Ghanbari said PRTC has recently inked 8 […]

Japan Opens Letter of Credit for Methanol Project

Japan is planning to open letters of credit worth up to €230 million for construction of Iran’s Apadana Persian Gulf Petrochemical Plant, which will need 462 million euros in finances for completion, the plant’s managing director says. Touraj Arounaqhi said a portion of the required investment will be supplied by Japanese companies to Persian Gulf […]

Methanol Sales Deal with German Firm

Iran’s Marjan Petrochemical Company has clinched a contract with a major German firm over sales of methanol produced at a petrochemical plant which will come on stream soon, an official said. “Marjan is the first petrochemical company to have sealed a contract for sales of products with European companies,” Hassan Beigi, the managing director of […]

Mahshahr Petzone to Launch 7 Infrastructure Projects

The petrochemical companies operating in Mahshahr Special Petrochemical Energy Zone (Petzone) will launch seven infrastructure projects in the region by the end of the current Iranian calendar year (20th March, 2018). Abdolreza Gholami, the Secretary of the strategic council of Mahshahr Petrochemical Companies, said the companies have financed the projects in line with their corporate […]

Ukraine Can Facilitate PetChem Exports to Europe

The Head of the National Petrochemical Company of Iran (NPC) Marzieh Shahdaei said Ukraine can facilitate exports of Iranian petrochemical products to Europe. In a meeting with Ukraine’s Ambassador to Tehran Sergei Buldiliak on Monday, Shahdaei called for enhanced cooperation between Tehran and Kiev in the sector of energy, Shana news agency reported. She added […]

France’s Air Liquide Signs Deal for MTP Plant

French industrial gases producer Air Liquide has signed a deal with Iran’s National Petrochemical Company (NPC) to build a 500,000 tons/year methanol-to-propylene (MTP) plant. Owned and operated by Iran’s Petrochemical Research and Technology Company (PRTC), the plant would be built in the southwestern Iranian city of Mahshahr, Shana news agency reported. The agreement was signed […]

Iran Eyes Petchem Deals with Int’l Majors Soon

A senior Iranian petroleum official says the country is about to sign several deals with international companies for developing petrochemical projects. Following a meeting with executives from Germany’s industrial gases company Linde, Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading, underlined the “very favorable” progress made in talks with leading international companies […]

Iran Petchem Facilities to get Online Monitoring System

An official with the Department of Environment (DOE) says all the petrochemical facilities operating in Iran will be equipped with an online monitoring system for their emissions. Shina Ansari said the system will monitor emission of nitrogen dioxide, carbon dioxide and sulfur from the facilities 24/7, adding 24% of the country’s major industries including 433 […]

Lordegan Petchem Plant Operational by 2018

By John Lee. The managing director of Lordegan Petrochemical Plant has said his facility will become operational by 2018 with €502m of investment by China. Mohsen Zarei Far said the project, which is being developed for production of feedstock for ammonia and urea fertilizer plants, has so far progressed 69%. Fed by natural gas, the […]

PSEZ “Best Choice” for Petchem Investment

Iranian Minister of Petroleum Bijan Zangeneh says the Parsian Special Economic Zone (PSEZ) is the best place for petrochemical investment. Addressing a meeting of senior petroleum ministry officials held to discuss investment opportunities in the zone Sunday, the official voiced Iranian Ministry of Petroleum’s keenness to invest and support investments in the region. He expressed […]

Total to do Iran Petrochemical Deal?

By John Lee. Following the multi-billion dollar gas deal announced earlier this week, Platts reports that France’s Total is on the verge of making a big investment in Iran’s petrochemical sector. Oil Minister, Bijan Zanganeh was quoted in local media as saying that a deal involving a full ethylene production cycle is in negotiation. Marzieh […]

Petchem Development “Impossible” without Tapping FDI

The managing director of a major oil, gas and petrochemical investment company says without foreign direct investments (FDI), implementation of major petrochemical and energy projects in Iran would be impossible. According to IRNA, Mohammad Hassan Peyvandi, managing director of Tamin Petroleum & Petrochemical Investment Company (TAPPICO), underlined the necessity of developing oil and petrochemical industries […]

Iran Petchem Holding Talks with Japan for Tech Transfer

Iran’s Parsian Oil & Gas Development Group Co. (PODGC) is holding talks with a Japanese company for receiving the technical savvy for production of ethylene glycol from natural gas, PODGC director said. Mohammad Ebrahim Yousef Zadeh said the item is produced based on ethylene which is a pretty costly raw material for ethylene glycol production. […]

Iran considers launching Petchem Bank

Iran is considering establishment of a specialized bank for petrochemical investments and financing, an MP said. Saeid Bastani, a member of the industries and mines committee of the Iranian parliament, spoke about the highlights of the committee’s Tuesday meeting which was held in the presence of Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei. […]

Maroon Petchem Plant to sign Deals with Euro Firms

Maroon Petrochemical Plant (MPP) is to sign deals with Shell and two Italian companies for development of two projects, the MPP managing director says. Rahim Sharif Mousavi said one of the projects will concern the ethyl oxide unit of the facility, adding Italy’s engineering company Maire Tecnimont will join the project as one of its […]