The 18th edition of the Iran Plast International Exhibition kicked off today at the permanent location of Tehran International Exhibitions.
PETROCHEMICAL Feed Atom
Iran's petrochemical export value increased by 12.8% in the first five months of the current Iranian calendar year, according to the head of the Islamic Republic of Iran Customs Administration.
India's largest oil marketing company, Indian Oil, leads the pack with 15% ethanol blending, aiming for 20% nationwide blending by 2025, while other players are dispensed 15% in petrol.
Director of Planning and Development at the National Petrochemical Company (NPC) Hassan Abaszadeh has predicted that the country’s actual petrochemical output will reach 83 million tons this Iranian calendar year up to 19 March 2025, of which 34 million tons will be exported to other countries.
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.
The head of the presiding board of the Oil Industry Pension Fund (OIPF) Abdolhossain Bayat has said that the fund is in charge of implementing 19 projects, worth 10 billion dollars.
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, Shana reported.
The 15th International Forum on Iran’s Petrochemical Industry (IPF) kicked off in Tehran on Sunday.
Iran earned some $3.39 billion from exports of petrochemical products in the three months to June 20, according to a senior industry official.
The director for planning and development in Iran’s National Petrochemical Company (NPC) said that the value chain projects in the petrochemical industry have been specified and introduced to the National Development Fund (NDF) for financing.
Iran's National Petrochemical Company (NPC) head Morteza Shahmirzaei plans to showcase the country's petrochemical industry's achievements and latest developments at the 15th Iran Petrochemical Forum.
Chinese refiner Rongsheng Petrochemical has bought 4.4 million barrels of Oman and Canadian crude oil exported from the recently expanded Trans-Mountain pipeline for delivery in October via a tender, trade sources said on Wednesday.
The Egyptian Ministry of Petroleum and Mineral Resources has announced plans to significantly increase petrochemical production capacity and attract investments in exploration in the amount of US$2.1 billion. This is reported by Daily News Egypt.
The Indian state government of Andhra Pradesh and officials from Bharat Petroleum Corporation Limited (BPCL) met to discuss the potential establishment of an oil refinery and petrochemical complex in the state. The project is likely to attract investments amounting to ₹70,000 crore.
After successfully producing a great part of oil industry catalysts at home, the country now enjoys the potential to export the catalysts to meet the neighboring countries' needs.
Balanced development and completing the value chain are two main targets of the petrochemical industry which are expected to be attained over the next seven years.
Arian Methanol Petrochemical with annual production capacity of 1.650 million tons of products and an investment of 243 million dollars was put into operation.
In a significant boost to the country's energy infrastructure, Iran has officially inaugurated 17 major oil, refining, and petrochemical projects across seven provinces, with a total investment of over 180 trillion rials (about $3.6 billion).
Managing director of Dehloran Natural Gas Liquids plant (NGL-1300) , Javad Kamari, says that the refining facility is ready to start operations officially.
Iranian company Petrochem plans to launch a chemical cluster worth $273 million in the Bukhara region, according to a presentation that Shavkat Mirziyoyev was acquainted with during his working visit to the region on May 31.