Petrochemicals

The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019.

Total feedstock volume of petrochemical units in the country stands at 650.000 barrels of oil.

Production capacity of Iran’s petrochemical industry will increase up to 100 million tons by 2021.

CEO of the Petrochemical Research and Technology Company (PRTC) says Iranian petrochemical companies are keen on consuming local catalysts for their operations to cut expenses.

Iran’s Oil Minister said that Tehran is increasing its revenues from oil derivatives after the US imposed sanctions on the country’s crude exports. adding that Iran eyes to produce over 100 million tons of petrochemicals a day by 2021.

The sector’s move towards green and low-carbon operations was a strategy in all sectors of the industry.

A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.

Jam Petrochemical Complex. one of the largest producers of olefins in the world. has boosted output by 15 percent. according to the company.

The US has been discouraged at its old plans for invoking global sanctions on gasoline exports to Iran.

The National Petrochemical Company (NPC) of Iran will launch three new petrochemical projects by the end of the current fiscal year (March 2020). a senior official said.