Tag Archives | petrochemicals

Iran Defers Methanol, Urea Projects

The National Petrochemical Company (NPC) has decided to hold off on a number of its methanol and urea petrochemical projects because of the country’s excessive output of these products, a senior NPC official said. Director of Planning and Development of the NPC, Hamid Reza Rostami, said the projects are being deprioritized due to the market […]

West Ethylene Pipeline Breaks Record in Feedstock Supply

The West Ethylene Pipeline has set a new record in supplying feedstock to 8 petrochemical plants along its way, a petrochemical official said. Ali-Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), said the pipeline supplies 140 t/h of ethylene to the petrochemical plants which is unprecedented record. Arvand, Qadir, Rejal, Amir Kabir, […]

NPC Focused on Foreign Investments

Director of planning at Iran’s National Petrochemical Company (NPC) says the company is seriously focused on attracting foreign finances to complete the country’s under-construction petrochemical projects. Hamidreza Rostami said NPC’s top priority for the time being is activating Iran’s petrochemical production capacity which is 60mt/y and then to move on to secondary priorities which are […]

Foreign Investors to Flock to Iran in H2 2016

A senior petrochemical official says Iran will be targeted by foreign investors, mostly Europeans, in the second half of 2016. Isa Mashayekhi, managing director of Iran International Petrochemical Company (IIPC), said investments in Iran’s petrochemical sector have been seriously impacted by the sanctions whose removal will boost the industry in Iran. “Once JCPOA is implemented, […]

BASF Ready to Invest in Iran Petchem Projects

Major European chemical manufacturing companies including Germany’s BASF are ready to transfer technology and invest in Iran’s petrochemical industry, first deputy managing director of National Petrochemical Company (NPC) said. Mohammad Hassan Peyvandi told participants at the Petchem Investment Panel of an international financial conference in Kish Island on Tuesday that a secured Iran tops foreign […]

Iran to Become Major Methanol Supplier

A senior Iranian petrochemical official said more than 24 million metric tons will be added to Iran’s methanol output in less than 5 years, which will transform the country into a benchmark supplier of the item in the global markets. Mohammad Hassan Peyvandi, deputy managing director of National Petrochemical Company (NPC), said the amount will […]

Austrian Firm Considers $6bn Investment in Ilam Province

The Governor General of the western province of Ilam, Mohammad-Reza Morvarid (pictured), said an Austrian company is considering investment in two oil and petrochemical projects in the province. Following a meeting with a visiting delegation of Austrian financers, he said the firm is interested to invest $6 billion in Dehloran petrochemical plant and Dehloran NGL […]

Negotiations with 15 Int’l Petchem Financiers

Iran’s major petrochemical firm, Persian Gulf Holding, is in business talks with 15 major foreign companies in a bid to finance it projects. “In line with the policy to develop the petchem sector and stop crude sales, 3.5 billion euros from the National Development Fund has been allocated to the company. About 50 percent of […]

Esfahan Petchem Exports Above $43m

Esfahan Petrochemical Company (EPC) exported more than 43 million dollars of petrochemical products in the first half of the current year (March 21-Sept 22), the firm’s CEO said. “[Six month] exports amounted to 43.168 million dollars which build up 70 percent of our output,” Hamid Sotudehfar said. The Petrochemical Commercial Company (PCC) also announced it […]

Iran to Build 2nd Oil, Gas Export Terminal in Jask

The Secretary of the Supreme Council of Iran’s Free Trade, Industrial, and Special Economic Zones said the country’s second terminal for exporting oil and gas after the Kharq Island in the Persian Gulf will be constructed in the Jask port, southern Hormozgan province. Introducing the government’s plans to develop the coastal strip of Makran along […]

Linde Group Eyes Return to Iran

By John Lee. The Chief Executive Officer of Germany’s Linde Group has said Iran’s petrochemical industry is in an ‘acceptable’ state, but needs to be upgraded in some areas. In an interview with Shana, Wolfgang Buchele (pictured) told Shana during a Tehran visit in July. “We learned today there is an intention of the Ministry […]