{"id":14453,"date":"2025-06-08T03:55:28","date_gmt":"2025-06-08T03:55:28","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=14453"},"modified":"2025-06-08T03:55:28","modified_gmt":"2025-06-08T03:55:28","slug":"npc-full-utilization-of-petchem-industry-capacity-requires-18b-investment","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/14453\/","title":{"rendered":"NPC: Full utilization of petchem industry capacity requires $18b investment"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The CEO of the National Petrochemical Company (NPC) emphasized the need for stable feedstock supply, stating that addressing challenges and fully utilizing the petrochemical industry\u2019s potential requires an investment of approximately $18 billion.<\/p>\n

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Speaking at a strategy meeting on the revival of the Dehloran Petrochemical Project, attended by provincial officials, the CEO of Ahdaf Holding Company as well as members of the parliamentary Energy Committee, Hassan Abbaszadeh said Iran\u2019s current installed petrochemical capacity stands at 97 million tons. He expressed hope that this figure would surpass 100 million tons this year.<\/p>\n

Abbaszadeh noted that while over $90 billion has been invested in the sector, about 22% of installed capacity remains unused due to feedstock shortages\u2014a major challenge for the industry.<\/p>\n

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\u00a0Petrochemical expansion under 7th Development Plan\u00a0 <\/strong><\/p>\n

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The deputy oil minister highlighted that the 7th Development Plan aims to increase petrochemical capacity to 131 million tons, with a focus on boosting production across value chains.<\/p>\n

Abbaszadeh stressed the need for balanced growth between petrochemical development and upstream sectors, acknowledging that past imbalances have led to feedstock shortages at some facilities. To address this, $18 billion in investment is required to optimize capacity and secure stable feedstock.<\/p>\n

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\u00a0Flare gas to supplement feedstock\u00a0 <\/strong><\/p>\n

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The NPC CEO identified three key regions\u2014West Karun, East Karun, Dehloran, and Ilam\u2014for flare gas recovery, which accounts for 75% of Iran\u2019s flaring. Projects such as NGL 3100 and the Bidboland Persian Gulf Refinery expansion aim to reduce flaring while supplying petrochemical feedstock.<\/p>\n

The NGL 3100 project is set to become operational in the coming months, while the Hoveyzeh Gas Refinery (NGL 3200) is expected to eliminate 80% of associated flare gas by next year.<\/p>\n

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\u00a0Accelerating the Dehloran Petrochemical Project\u00a0 <\/strong><\/p>\n

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Abbaszadeh expressed dissatisfaction with the slow progress on the Dehloran Petrochemical Project, despite efforts to secure financing from the Bank Refah. He hoped upcoming government attention would expedite funding and reactivate the project.<\/p>\n

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\u00a0Water consumption reforms\u00a0 <\/strong><\/p>\n

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The CEO also addressed water usage reforms, noting that under the 7th Development Plan, industries relying on conventional water sources must transition to recycled water, treated wastewater, or desalination within three years\u2014or face steep price hikes.<\/p>\n

During his visit to Dehloran, Abbaszadeh inspected the petrochemical facility, the Dehloran Petro-Refinery, and the NGL 3100 project.<\/p>\n<\/div>\n<\/div>\n

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