RoydadNaft –  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).

Hassan Abbaszadeh, head of the state-owned company, said during the first meeting of senior managers in the new year that efforts to collect associated gas with the cooperation of major petrochemical holding firms would boost the industry’s feedstock supply, Shana reported.

He noted that the commissioning of the NGK 3200 project will help meet part of the sector’s feedstock demand.

Abbaszadeh emphasized the importance of institutionalizing unity and synergy across the sector to achieve sustainable development, noting that agile, dynamic organizations require efficient and skilled human resources to enhance productivity.

The deputy oil minister added that one of the key roles of development-oriented firms is to facilitate private sector investment in petrochemicals. He said the National Petrochemical Company stands ready to support investors in this regard.

He called on company managers to actively back the industry during the Year of “Investment for Production” by taking practical steps to address the challenges faced by petrochemical firms.

Highlighting the need to accelerate development projects through enhanced financing, Abbaszadeh said that collaboration with petrochemical holding companies could drive production growth this year.

He acknowledged last year’s challenges in securing feedstock due to energy imbalances but expressed confidence that proper planning and measures could improve the sector’s performance in 2025.

Abbaszadeh also credited parliamentary and government support for motivating industry players to pursue expansion strategies and focus on completing the value chain as a key priority.

Production in the petrochemical sector increased in the last Iranian year (ended March 2025) compared to the year before, despite energy imbalances and feedstock shortages, he said, noting that most petrochemical plants achieved their production targets.

Petchem capacity tied to national development goals

The National Petrochemical Company’s chief underscored the need to attract new investments and boost production in line with this year’s national motto.

Abbaszadeh reiterated the company’s readiness to facilitate private investment and stressed the importance of management’s support for the industry in tackling structural challenges.

He said the completion and operation of development projects could be accelerated through improved financial flows, and added that despite last year’s feedstock-related difficulties, coordinated efforts this year could drive better results in the high-value petrochemical sector.

The official concluded that strong backing from the Iranian parliament and government has empowered the industry to move forward with determination, focusing on value chain completion as a strategic imperative.