Iran Petrochemical Industry

  • Petrochemical Ventures  Awaiting Investments
    A total of 63 plans with a progress rate of 60-90% are under construction in the petrochemical industry, the head of board of directors at Iran’s Association of Petrochemical Industry Corporation...
  • Iran's nominal output capacity of petrochemicals stands at 62 million tons per annum.
    Researchers of Petrochemical Research and Technology Company, a subsidiary of National Petrochemical Company, have developed a catalyst for methanation of synthetic gas. "PRTC has launched a unit...
  • Petrochem Exports Earn  $1.1 Billion in 30 Days
    Iranian petrochemical production revenues amounted to $1.1 billion in the month ending April 20. According to Mehr News Agency, the petrochemical complexes' production amounted to 4.7 million tons...
  • Dutch Firm Eyes  Petrochem JVs
    Despite the possibility of the enforcement of new US sanctions against Iran's petrochemical industry, European firms are interested in launching joint ventures with Iranian enterprises on...
  • Energy Deals Signed With Raschig, Siemens
    Germany's Raschig and Iran's Research Institute of Petroleum Industry have signed a memorandum of understanding on gas sweetening towers. This is while another German major industrial company,...
  • Foreign Companies Eager to Make Petrochem Investment
    Companies from several countries, including Spain, France and China, have expressed readiness to launch joint ventures in Iran's lucrative petrochemical sector.  Spain's Mecanicas Bolea S.A. is...
  • NPC said it is essential to meet domestic petrochemical needs within a centralized framework.
    Renowned European companies have expressed readiness to cooperate in the development of Iran’s petrochemical industry, the National Petrochemical Company’s managing director said. “The UK-Based...
  • Kaveh Methanol Complex Starts Production
    Kaveh Methanol Complex in the Persian Gulf port city of Bandar Dayyer, Bushehr Province, has started methanol production, the National Petrochemical Company’s director for projects said on Sunday...
  • NPC Ready for Int'l Cooperation
    Iran's petrochemical industry is currently at a good global level and ready to expand cooperation with international firms, the head of National Petrochemical Company said. "The valuable industry...
  • Petrochem Export Volume, Value Increase in 2017
    Petrochemical exports experienced a 6% and 20% hike in volume and value respectively in 2017, production manager at the National Petrochemical Company said. "The country produced 54 million tons...
  • Petrochemical sector is Iran’s second most valuable industry after oil and gas.
    In line with the government's drive to increase the share of value-added exports, the National Petrochemical Company aims to expand the country's petrochemical production map.  "The completion of...
  • Petrochem Exports Hit  $12 Billion
    Iranian petrochemical exports exceeded 22 million tons in the last fiscal year that ended on March 21. According to Shana, domestic producers exported 22.41 million tons of petrochemical and...
  • Petrochem Output Hits 55m Tons
    Iran's 57 petrochemical complexes produced nearly 55 million tons of goods in 2017, of which 17.5 million tons, worth $9.2 million, were sold to domestic companies. According to NIPNA, the...
  • The petrochemical sector is Iran’s second-most valuable industry after oil and gas.
    Bid Boland Gas Refinery project in the city of Behbahan, Khuzestan Province, will play a significant role in the expansion of the downstream petrochemical sector, the head of National Petrochemical...
  • Petrochem Contracts on Agenda
    Entekhab Industrial Group, a major domestic manufacturer, is making efforts to finalize contracts for completing petrochemical projects with a combined capacity of over 3 million tons in the...
  • The venture is being constructed in Asalouyeh Styrene Park.
    In line with plans to complete the value-added chain in Sadaf Petrochemical Asalouyeh Company, a styrene-butadiene rubber (SBR) unit is being constructed in the company under the supervision of...
  • Major Petrochemical  Ventures Underway
    To boost petrochemical output capacity, improvement and optimization of 12 petrochem plants are underway in different provinces, production manager at the National Petrochemical Company said. "...
  • KRNPC Achieves Production Breakthrough
    Karoun Petrochemical Company (KRNPC) in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province has produced a modified version of methylenediphenyl diisocyanate. The product, dubbed '...
  • Petrochem Exports to Earn $14b
    Iran is expected to fetch $14 billion in revenues from petrochemical exports in the current fiscal (started March 21), the head of National Petrochemical Company said on Wednesday. "Upon the...
  • Domestic Petrochemical Equipment Producers Seek Support From Banks
    Iranian manufacturers of equipment and parts used in the petrochemical industry should be backed by the government and domestic banks, the managing director of Tamin Petroleum and Petrochemical...
  • Iran Petrochem Export at $11 Billion
    Iran's petrochemical complexes have produced nearly 50 million tons of goods in 11 months ending Feb. 19, of which 20 million tons worth almost $11 billion were exported to international markets,...
  • The MoU entails constructing 100 midstream and downstream production units.
    Turkey's Gamma Company, a leading firm active in the energy sector, has signed a memorandum of understanding with Khuzestan Governorate on the production of petrochemicals, including polypropylene...
  • Plans call for increasing propylene production to 4 million tons per annum in 2021.
    The Petrochemical Research and Technology Company of Iran finalized an agreement with France's Air Liquide Engineering and Construction Company on transferring state-of-the-art technology and...
  • The lion's share of petrochemical exports is bound for China, India and South Korea.
    Boosting the country's petrochemical revenues entails expansion of target markets, the deputy director of Iranian Oil, Gas and Petrochemical Products Exporters Union said.  "Petrochemical exports...
  • Petrochemical is Iran's most important industry after oil and gas.
    Iran's annual petrochemical revenue has averaged $20 billion in the last five years, Oil Minister...

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