Tag Archives | National Petrochemical Company (NPC)

Iranian Petrochemical Plant Producing High-Quality Gasoline

A major petrochemical plant in southwest of Iran is producing one million liters of gasoline a day in compliance with the Euro-4 emission standards, an official said. The Bandar Imam Petrochemical Complex, located at Iran’s southwestern port of Bandar Imam Khomeini, is now producing a daily volume of 1 million liters of gasoline that meets […]

Iran Seeks to Attract Foreign Investment in Petchem Projects

An Iranian deputy oil minister said the country is seeking to encourage foreign investment in its petrochemical projects. Iran’s Oil Ministry is in talks with a major European firm in a bid to facilitate the process of its participation in the country’s petrochemical projects, Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei told […]

Iran eyes $55bn Petrochemical Investment

By John Lee. Iran’s Deputy Oil Minister, Marzieh Shahdaei, told a conference in Berlin on Tuesday that Iran needs $55 billion for 60 projects in the petrochemical sector over the next 10 years. Shahdaei, who is also the President of the National Petrochemical Company (NPC), said she will not attend the planned oil producers’ meeting […]

Swiss Firm Ready for Petchem Tech Transfer

By John Lee. A delegation from the Swiss company Sulzer has said it is ready to cooperate with Iran in transferring technology to Iran’s petrochemical complexes as well as in licensing of Iranian companies. Company representative Thorsen Winter Greze said the firm has established ties with two Iranian petrochemical companies following removal of sanctions. The […]

Linde, Mitsui plan $4bn investment in Iran

By John Lee. German industrial gases company Linde and Japan’s Mitsui Chemicals are planning to invest $4 billion into petrochemical projects in Iran. Linde is considering investment in several Iranian projects, including Damavand Petrochemicals, in cooperation with Japan’s Mitsui, Marzieh Shah-Daei projects director at the A spokesperson for the National Petrochemical Company (NPC) told Press […]

German Chemical Firms First to Fund Projects in Iran

The head of Iran’s National Petrochemical Company (NPC) said two leading chemical companies from Germany have signaled their readiness to spend between 8 and 4 billion euros for development of petrochemical projects to make Germany the first post-sanctions partner of the sector in Iran. Abbas Shari-Moqaddam said the two firms are yet to finalize the […]

German Firms Offer $13bn to Iran Petchem Sector

German firms have proposed deals worth over 12 billion euros ($13 billion) for financing petrochemical projects in Iran. “Two leading German companies have indicated their interest to bankroll petrochemical projects as much as €12bn in Iran in the post-sanctions era,” said Abbas Shari-Moqaddam, managing director if National Petrochemical Company (NPC). “Given the recent international developments, […]

Iran Allocates $6bn for Petchem, Refinery Projects

The Director of Investment at Iran’s National Petrochemical Company (NPC) said the National Development Fund (NDF) has allocated 6 billion dollars for petrochemical and refinery projects. “Financing of projects from the fund will be expedited after SWIFT is back,” Amir Hassan Fallah told Shana. He said Japanese, South Korean, and European firms are interested in […]

Iran Eyes 12% Increase in Petchem Output

Iran will see its petrochemical output increase by nearly 12 percent during the calendar year to March 20 2017, bringing its output to nearly 53 mt/y, a senior petrochemical official said. Production control manager of National Petrochemical Company (NPC), Ali Mohammad Bossagh Zadeh, said Iranian petrochemical plants will process 47 million tons of petrochemicals by […]

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 […]

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 […]

NPC, Mitsubishi Discuss Petchem Ventures

Iran’s Deputy Petroleum Minister for Petrochemical Industry Abbas Shari-Moqaddam [Abbas Shari Moghadam], and the Senior Executive Vice President of Mitsubishi Corporation’s Chemical Group, Takahisa Miyauchi, exchanged views on the possibility of the Japanese firm’s participation in Iran’s projects. The CEO of the National Petrochemical Company (NPC) welcomed Mitsubishi’s interest in presence in Iran and said […]