Saudi Aramco, which made the announcement Sunday, produced the fuel, which it does by converting hydrocarbons into hydrogen and then ammonia, and capturing the carbon dioxide byproduct. Japan will receive 40 tons of blue ammonia in the first shipment, Aramco said. Ammonia can be burned in thermal power stations without …
Read More »Iran 5-Month Petchem Output up 6% Y/Y
Production stood at 25 million tons during the period, adding petrochemical plants operated with a good capacity during the 5 months.
Read More »Iran Planning to Diversify Petchem Output Basket by 2025
Head of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said the country’s petrochemical products basket is going to be more diversified by the Iranian calendar year of 1404 (starts on March 21, 2025). Mohammadi made the remarks in a ceremony for introducing the company’s new project director, Shana reported. The …
Read More »Iran’s Petrochemical Income Rise up by 80%
CEO of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said on Monday that the revenue has increased by 80% in the new Iranian year (started March 20). Some 17 new plans have opened, which has led to 60% increase in output capacities of petrochemical plants, said Behzad Mohammadi on a …
Read More »Petchem Complexes Need to Focus on Coronavirus-Related Feedstock
Iranian Oil Minister Bijan Zangeneh urged petrochemical plants and complexes to supply the downstream industries with the necessary raw materials for manufacturing products used for equipment and systems needed for containing the COVID-19 outbreak. “All petrochemical companies whose products are used as raw materials for the production of consumer goods …
Read More »COVID-19 could Cost Ethanol Industry $10 Billion
The COVID-19 crisis has led to more than $3.4 billion in lost revenues for the U.S. ethanol industry, according to an economic analysis released by the Renewable Fuels Association. Based on the latest projections from the Energy Information Administration and the Food and Agriculture Policy Research Institute, the RFA study …
Read More »BP Agrees to Sell Petrochemicals Business to INEOS in $5bn Deal
The sale is the energy giant’s next strategic step in reinventing BP and helping it become a lower carbon company.
Read More »Iran’s Annual Propylene Production to Reach 3mln Tons
Iran planned to speed up implementation of petrochemical projects with the aim of increasing the capacity of propylene- colorless gas- production to three million tons in a year, said an official of the Oil Ministry on Sunday. Deputy Oil Minister Behzad Mohammadi made the remarks according to a report by …
Read More »Iran eyes 100mn-Ton Petchem Output till March 2021
Iranian Oil Minister Bijan Namdar Zanganeh said the country’s petrochemical production capacity is planned to cross 100 million tons per year by the end of the current fiscal (March 2021). Speaking to local radio, Zanganeh underlined the most important plans of his ministry this year, saying, “We must all take …
Read More »Farabi Petchem Co. Ready to Enter Storage Industry
Iran’s Farabi Petrochemical Company is now capable of running storage tanks in the country.
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