Tag Archives | petrochemicals

MoU to Accelerate Building Petchem Projects

The National Petrochemical Company (NPC) and the Iranian Mines & Mining Industries Development & Renovation (IMIDRO), have signed a memorandum of understanding to facilitate and accelerate construction of petrochemical projects in Phase I of Parsian Energy Intensive Industrial Special Economic Zone (PEIISEZ). The deal was signed on Monday by Behzad Mohammadi (NPC CEO) and Khodada […]

US Sanctions target Iran Petrochemical Group

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against Iran’s largest and most profitable petrochemical holding group, Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the engineering conglomerate of the Islamic Revolutionary Guard Corps (IRGC). In addition to PGPIC, […]

Iran to Set Up New Petrochemical Hub in Coastal Region

The National Petrochemical Company of Iran finalized a plan on Monday to construct the country’s third petrochemical hub across a coastal region in the southern province of Hormozgan. In a meeting in Tehran on Monday, the CEO of the National Petrochemical Company of Iran, CEO of Iranian Mines and Mining Industries Development and Renovation (IMIDRO), […]

Iran to Launch 2 Petrochem Plants in H1

Iran is to witness inauguration of two petrochemical projects in the first half of the current Iranian calendar year which began on March 21, a petrochemical official said. According to the National Petrochemical Company (NPC), Ali Mohammad Bossaqzadeh said that Kaveh Methanol Plant would be one of the two projects which is currently undergoing its […]

Major Petro-Refinery to be Built in Jask

Plans are under way to build a large petrochemicals and refining complex in Jask Island by Bakhtar Petrochemical Holding. Ali Mohammad Bossaqzadeh, director of projects at the National Petrochemical Company (NPC), told NIPNA that the project would be built in order to meet the needs of the country and also to increase the exports of […]

NPC Endorses Protectionism: Official

An official with the National Petrochemical Company (NPC) said the company was keen on facilitating supply of petrochemical items and equipment from domestic manufacturers. According to the company, Ghodratollah Farajpour, the director of production control at NPC, said plans were devised by NPC to maximize provision of items and equipment from domestic manufacturers in the […]

Plant to Supply Power for 12 Petchem Units

Phase I of Damavand Petrochemical Utility Plant, officially launched this week, generates 648 megawatts of power to be fed to 12 petrochemical facilities operating in Phase II of Asaluyeh Petrochemical Hub, southern Iran. Addressing a press conference on Monday, Mohammad Reza Samiei, managing director of the plant, said the complex is being built to provide […]

Iran to Launch Major Urea, Ammonia Project

Iran is to launch Phase III of Pardis Petrochemical Plant which accounts for 65 percent of the country’s ammonia and urea exports. According to the plant’s managing director Hossein Shahryari who was addressing a press conference on Monday, Pardis Petrochemical Complex is the largest supplier of ammonia and urea in Iran and the Middle East […]

Iran Develops Technology to Make Refinery Catalysts

An Iranian petrochemical company achieved the technical know-how to make special catalysts used for gasoline production, making Iran the world’s second producer of such advanced component and helping it earn as much as $60 billion a year in export revenue. According to Jaleel Sobhani, CEO of Iran’s ‘Supplying Petrochemical Industries Part Equipment and Chemical Engineering’ […]

Iran Launches New Petrochemical Plant

Iranian President Hassan Rouhani inaugurated a new methanol-producing plant in Iran’s energy-rich province of Bushehr. During a visit to the southern port city of Assalouyeh on Tuesday, the Iranian president opened ‘Marjan’ methanol plant, developed by a private sector petrochemical company. The nominal production capacity of the plant, whose construction began in 2011 in an […]

Petchem Development can Ensure GDP Growth: MP

A member of the Iranian parliament said the petrochemical industry can lead to the growth of GDP given its massive applications. Speaking to Shana, Mohammad Mahdi Mofatteh, spokesperson of the parliament’s energy committee, said fresh and timely investments are required for maximizing the effectiveness of the sector in the country’s economy. He said the petrochemical […]

Iran, China ink Major Petchem Deal

Iran’s National Petrochemical Company (NPC) and the China Petroleum and Chemical Industry Federation (CPCIF) signed a memorandum of understanding (MoU) for construction of a petrochemical park in Iran by Chinese companies. NPC CEO Reza Norouzzadeh and Chairman of CPCIF Li Shousheng signed the document in Tehran on Monday evening (April 23, 2018), NIPNA reported. Speaking […]

Downstream Petchem Projects Launched in Mahshahr

Iran has launched three downstream petrochemical projects in the southwestern city of Mahshahr, adding 146,000 tons per year to the country’s petrochemical production capacity. The projects were launched in a ceremony held with senior Iranian petrochemical and petroleum officials in attendance on Monday, NIPNA reported. The units are built in 115,350 square meters of land […]

Iran ready to launch Petchem Projects

Iran is about to launch three major petrochemical projects which will add at least 146,000 tons to the country’s annual production capacity. The downstream projects will be launched in a ceremony slated for next week with Managing director of the National Petrochemical Company (NPC) Reza Norouzzadeh in attendance. The facilities are constructed with an investment […]

Iran signs €34m Petchem Deal with Italian Firm

Iran’s Ardebil Petrochemical Company cemented a deal with Italy’s engineering and construction giant Techint Group worth 34 million Euros deal for construction of a project aimed at production of propylene from natural gas. Based on the deal, the Italian company will designate a licensor for a 500,000-ton GTPP or GTOP project in Iran in an […]

BASF seeks Catalyst Technical Savvy from Iran

German petrochemical heavyweight BASF has ordered 180 tons of methanol synthesis catalyst from Iran’s Petrochemical Research and Technology Company (PTRC). According to the National Petrochemical Company (NPC), Esmaeil Ghanbari, PTRC managing director, said the item was 10 years in the making by PTRC and its quality has been approved by BASF as superior to its […]

Iran Plans 15mt/y Methanol Export by 2022

Iran will be exporting 15 million tons/year of methanol by 2022, an Iranian petrochemical official says. Addressing a specialized conference on nitrogen and synthesis gas, Managing Director of Tamin Petroleum & Petrochemical Investment Company (TAPPICO) Mohammad Hassan Peyvandi said Iran has plans to boost its methanol exports and propane production by the next 5 years. […]

Uzbekistan Keen to Invest in Iranian PetChem Projects

Uzbekistan has expressed willingness to invest in Iran’s petrochemical projects, the managing director of Iran’s National Petrochemical Company (NPC) said. Tashkent is eager to make investment in Iran’s petrochemical projects, methanol-to-olefin projects in particular, Reza Norouzzadeh said recently following a meeting with Alisher Sultanov, deputy Prime Minister of Uzbekistan, in Tehran, Shana reported. Two Iranian […]

Value-chain Completion top NPC Concern

An official with the National Petrochemical Company (NPC) says the company is highly concerned with completion of the value chain in the petrochemical industry of Iran. Addressing a specialized conference on nitrogen and gas synthesis, Farnaz Alavi, director of planning and development at NPC, said given the abundance of natural gas resources in Iran, many […]

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 […]