Tag Archives | petrochemicals

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 […]

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 […]