Petrochemical
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Petrochemical Sector’s Revenues Reach $15 Billion in 11 Months
EghtesadOnline: Iran’s petrochemical revenues are projected to increase by $4 billion compared to last Iranian year (March 2021-22) and reach $19 billion by the end of the current fiscal year…
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$30b Investment to Increase Annual Petrochemical Output to 133m Tons
EghtesadOnline: The National Petrochemical Company plans to raise its production capacity to 133 million tons per year by 2025 and to do so, it has devised 48 projects that need an investment…
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Petrochem Production Reaches 16.5 Million Tons in 3 Months
EghtesadOnline: Petrochemical production in the first three months of the fiscal 2021-22 reached 16.5 million tons, director of Production Control Department at the National Petrochemical Company…
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Need for 29,000 Tons of Catalysts p.a. by 2026
EghtesadOnline: The Majlis Research Center in a report said Iran will need 29,000 tons of catalysts annually by 2026 worth an estimated $692 million for the petrochemical, refining and gas sectors,…
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Demand Driving Iran Petrochemical Sector
EghtesadOnline: With domestic and international demand rising at a rapid pace, investment in the key petrochemical industry, now around $80 billion, will reach $108 billion by 2027, managing…
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3 Petrochem Plants Open
EghtesadOnline: Three petrochemical plants costing $1.1 billion were launched in the western provinces on Thursday.
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JPC Boosts Polyethylene Output
EghtesadOnline: Jam Petrochemical Company in Asalouyeh, Bushehr Province, has set a new record in producing a polyethylene grade, HD-52518, at its linear low-density polyethylene (LLDPE) unit.
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Petrochemical Co in Tabriz Eliminates VOC Emissions
EghtesadOnline: The project to eliminate the volatile organic compounds emissions from a wastewater treatment unit at Tabriz Petrochemical Plant in East Azarbaijan Province has been launched…
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Research Firm Develops MTP Technology
EghtesadOnline: Petrochemical Research and Technology Company has been granted a patent from the European Union for developing technology to convert methanol to propylene (MTP), the managing…
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Petrochemical Industry Reports $15b Revenue
EghtesadOnline: Petrochemical companies in Iran produced 30 million tons in the last fiscal that ended in March, of which 22 million tons were sold in global markets, managing director of National…
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$1.5 Billion Petrochemical Plant Opens in Pars Economic Energy Zone
EghtesadOnline: To expand the value-added chain in the petrochemical sector, the first phase of Bushehr Petrochemical Company in Pars Special Economic Energy Zone (PSEEZ), southeast of Bushehr…
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Petrochemical Company in Asalouyeh Striving to Boost Output and Export
EghtesadOnline: Kimia Pars Middle East Petrochemical Complex in Asalouyeh, which started production at the end of spring, is trying to increase output for the export market, the managing director…
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Adequate Urea Fertilizer Available to Farmers
EghtesadOnline: There is no problem in the production and allocation of urea fertilizer quotas, director of Iran's Association of Petrochemical Industry Corporation said.
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Petchems to Prioritize Virus Fight
EghtesadOnline: The oil minister has asked petrochemical companies to supply raw materials for products needed for battling the coronavirus.
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Petrochemical Exports Help Offset 20 Percent of Oil Loss
EghtesadOnline: Export of 23 million tons of petrochemicals in the last fiscal (ended in March) helped offset at least 20% of lost oil revenues, a member of the board of directors of the National…
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Petrochem Project in SW Near Completion
EghtesadOnline: Construction of Masjed Soleyman Petrochemical Company's ammonium and urea units in Khuzestan Province is almost over and will come online by the end of the current fiscal year…
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NPC Spending $8.5 Billion to Raise Petrochemical Feedstock Production
EghtesadOnline: The 55 petrochemical companies in Iran annually use 35 million tons of natural and liquefied gas as feedstock to produce 31 million tons of products, managing director of the…
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Pandemic Dislodges Oil, Gas and Petrochemical Exports
EghtesadOnline: The value of oil, gas and petrochemical exports has declined due to upheavals in the international oil market caused by the coronavirus. The massive quarantines and market closures…
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Iran's Petrochemical Exports Rise
EghtesadOnline: Export of petrochemicals increased 5% in the first ten months of this year (March 2019-Feb 2020) compared to the same period last year, a spokesman of the Iranian Oil, Gas and…
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Amir Kabir Engineers Run Olefin Plant in Russia
EghtesadOnline: Amir Kabir Petrochemical Company has sent engineers to Sibur Holding in Russia to operate an olefin plant and train personnel.
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US Penalties ‘Have Not Deterred Much’ of Sino-Iran Oil Trade
EghtesadOnline: Newly announced US sanctions aimed at harming petroleum and petrochemical trade between Iran and China will not substantially impact China's status as the top importer of Iranian…
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Water Paucity Taking Toll on Development Projects
EghtesadOnline: Petrochemical, fertilizer and refinery projects with annual capacity to manufacture 5 million tons are facing rough times and some have been put on hold as the water problems…
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Gov’t Will Sell Stakes in Oil Firms to Settle Debts
EghtesadOnline: The government is planning to repay its debts to private companies by selling its stakes in state-controlled petrochemical and refinery companies, according to a member of Tehran…
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Iran Petrochem Industry Focus on Health, Safety and Environment
EghtesadOnline: In line with policies to upgrade health, safety and environment (HSE) standards in petrochemical companies, experts from 21 petrochemical companies have completed technical training…
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Collecting APG Will Help Secure Petrochemical Feedstock Supply
EghtesadOnline: Collecting all the flare gas in Khuzestan Province requires $3.5 billion of investment, the province’s governor said.
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Tehran Stocks Post Strong Gains
EghtesadOnline: Tehran stocks made a solid 3.1% gain on Monday cheered by the dramatic rise in demand for refinery, petrochemical and metal stocks.
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Iran Petrochem Export Generated $11b in 2018
EghtesadOnline: Petrochemical export revenue in the last fiscal year that ended in March stood at $11 billion.
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Tehran Stocks Extend Consecutive Rallies
EghtesadOnline: Stocks continued to rally on Sunday for the third session in a row amid rising demand for shares of major mineral, petrochemical and refinery companies plus selloff pressure in…
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Tehran Stocks Slip for 3rd Day
EghtesadOnline: Equity indices extended decline in the third session on Monday, tracking weakness in commodity stocks and uncertainty regarding the future of export-based companies. Heavy selling…
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TEDPIX Plunges Over 3,600 Points
EghtesadOnline: Tehran Stock Exchange's main gauge fell sharply on Monday as a selloff in auto and bank shares spread across the board. The decline caused a broad rout in refinery and petrochemical…