Petrochemical industry needs $24b investment to meet targets

TEHRAN – Iran’s petrochemical sector will require an estimated $24 billion in investment to achieve its goals under the Seventh National Development Plan, which aims to raise nominal production capacity to 131.5 million tons by the plan’s end, a senior Oil Ministry official said.

Iran eyes balanced growth, resilience in petrochemical hub of Asaluyeh

TEHRAN – Iran’s deputy oil minister has stressed the need for balanced development, value chain completion, and improved crisis preparedness in the petrochemical sector of Asaluyeh, the country’s main petrochemical and energy hub on the Persian Gulf coast.

Petrochemical sector stays on track despite conflict, eyes annual targets

TEHRAN – Iran’s petrochemical industry remains committed to achieving its development goals for the current year, despite disruptions caused by a 12-day conflict triggered by Israeli airstrikes, a senior official said.

NPC needs $18b investment to fully utilize petchem industry capacity

TEHRAN – Iran’s National Petrochemical Company (NPC) requires nearly $18 billion in investment to overcome challenges and unlock the full potential of its petrochemical industry, a senior official said, underscoring the critical need for a stable supply of feedstock.

Iran to add 9m tons to petrochemical production capacity

TEHRAN – Iran plans to expand its petrochemical production capacity by 9.0 million tons in the current Iranian year (ending March 2026), according to the head of the National Petrochemical Company (NPC).

Petrochemical industry to support new investments

TEHRAN- The acting head of Investment Management Department at the National Petrochemical Company (NPC) announced that attracting new investments in the new Iranian calendar year (began on March 21), aimed at boosting production and completing the value chain, is a key strategy.

Petchem industry nearing 100m tons of production capacity

TEHRAN - Iran’s petrochemical industry is on the verge of reaching a production capacity of 100 million tons, with feedstock already supplied to several petrochemical plants set to become operational in the coming months, the head of the National Petrochemical Company (NPC) said.

Iran’s petchem production capacity reaches 100m tons

TEHRAN – The production capacity of Iran’s petrochemical industry has reached approximately 100 million tons, with 60 percent allocated to key base products such as methanol, ammonia, ethylene, and other essential chemicals, the head of the National Petrochemical Company (NPC) said.

Iran’s petrochemical boom: driving oil industry’s value chain

TEHRAN - The head of Iran’s National Petrochemical Company (NPC) has hailed the petrochemical sector's exponential growth as a key achievement in the oil industry’s value chain, emphasizing its role in curbing crude sales.

'Petchem industry plays a vital role in promoting Iran’s status in intl. economy'

TEHRAN- The head of Iran’s National Petrochemical Company (NPC) said the petrochemical industry plays a vital role in promoting Iran’s status in the international economy.

Petrochemical revenue to reach $25b amid investment surge

TEHRAN - Iran's petrochemical sector is set to increase its foreign exchange revenue to over $25 billion, bolstered by new investments in natural gas production, according to Ahmad Mahdavi, Secretary-General of the Iranian Petrochemical Employers’ Association.

Completing value chain to ensure balanced development of petchem industry

TEHRAN – The head of Iran’s National Petrochemical Company (NPC) has said that completing the value chain and developing complementary industries is going to ensure a balanced and sustained development of the country’s petrochemical industry.

Iran’s petchem production capacity to reach 131m tons by 2027

TEHRAN – The caretaker of Iran’s National Petrochemical Company (NPC) said the country’s petrochemical production capacity is going to reach 131 million tons by the end of the country’s seventh National Development Plan (early 2027).

‘Expert workforce necessary for introducing AI to petchem industry’

TEHRAN – University professor Mohammad Fakhroleslam believes that introducing Artificial Intelligence (AI) to the petrochemical industry will significantly increase production speed and accuracy, however to do so the industry requires expert workforce.

Petchem output to reach 80m tons by late March 2025

TEHRAN – Head of Iran’s National Petrochemical Company (NPC) has said the country’s petrochemical output is estimated to reach 80 million tons in the current Iranian calendar year (ends in late March 2025), Shana reported.

97 petrochemical complexes operating in Iran: official

TEHRAN - The head of the National Petrochemical Company (NPC) Morteza Shahmirzaei says that over 97 petrochemical facilities are operating across Iran.

13 new petchem projects to go operational by late March 2025: NPC

TEHRAN – The head of Iran’s National Petrochemical Company (NPC) has said the company is planning to complete 13 new petrochemical projects by the end of the current Iranian calendar year (late March 2025), IRNA reported.

Annual petrochemical exports to hit 29m tons: NPC head

TEHRAN – The head of Iran’s National Petrochemical Company (NPC) has said the country’s petrochemical exports are expected to reach 29 million tons by the end of the current Iranian calendar year (March 19).

5 major petchem projects to go operational by late March

TEHRAN - Iran’s Oil Minister Javad Oji has said five major petrochemical projects will become operational by the end of the current Iranian calendar year (March 19, 2024), Shana reported.

‘Iran’s petchem industry welcomes but doesn’t wait for foreign investment’

TEHRAN – The head of Iran’s National Petrochemical Company (NPC) said on Tuesday the country’s industry welcomes foreign investment but does not wait for foreign companies’ participation to pursue its development projects, NIPNA reported.

Iranian petrochemical industry relies on domestic knowledge: NPC head

TEHRAN – The head of Iran’s National Petrochemical Company (NPC) has said the country’s petrochemical industry relies on domestic knowledge and technology and the industry is mostly self-sufficient, Shana reported.

Investment in petchem value chain neglected in last 2 decades: Oji

TEHRAN – Iranian Oil Minister Javad Oji has said investment in the petrochemical industry’s value chain has been neglected over the past two decades while such investment is very low-risk and high-yielding, the Petrochemical Industry’s News Agency (NIPNA) reported.

By Mahnaz Abdi

Value chain completion, a top agenda of NPC

TEHRAN- The managing director of Iran’s National Petrochemical Company (NPC) said that completing the value chain is not a motto, while it is a top agenda of the NPC’s activities, it is a program and a duty.

Over 200 foreign companies participating in Iran Plast 2023

TEHRAN- The 17th International Exhibition of Plastic, Rubber, Machinery, and Equipment (Iran Plast 2023) kicked off at the Tehran Permanent International Fairground on Sunday.

‘Needs, capacities of downstream petchem industries to be identified in Iran Plast expo’

TEHRAN – The managing director of Iran’s National Petrochemical Company (NPC) said on Saturday that the needs and export capacities of downstream petrochemical industries are going to be identified in the 17th International Exhibition of Plastic, Rubber, Machinery, and Equipment (Iran Plast 2023).

Petchem industry pioneer in revenue-generating for Iran: NPC head

TEHRAN – Head of Iran’s National Petrochemical Company (NPC) Morteza Shahmirzaei has said that the country’s petrochemical industry is the top industry in terms of revenue generation for the country, Shana reported.

‘Foreign countries keen on cooperation with Iran in petchem industry’

TEHRAN - The head of Iran’s National Petrochemical Company (NPC) has said many foreign countries have been reaching out for cooperation with Iran’s petrochemical industry, Shana reported on Saturday.

Petchem industry development, value chain completion document unveiled

TEHRAN- The document on the development and completion of the value chain of the petrochemical industry was unveiled in the presence of Iranian Oil Minister Javad Oji and National Petrochemical Company (NPC) Managing Director Morteza Shahmirzaei.