Master Plan for Downstream Petchem Development Underway

(Saturday, June 1, 2019) 15:54

TEHRAN (NIPNA) – The master development plan for downstream petrochemical industries is being prepared, the CEO of National Petrochemical Company (NPC) said.

Behzad Mohammadi, speaking on Thursday, said one of the most important projects of the Ministry of Petroleum was the development of petrochemical industries.

Addressing a ceremony to start construction of Songhor Petrochemical Projects in the western province of Kermanshah, the official expressed optimism that the Persian Gulf Petrochemical Industries Company (PGPIC), the mother company of the project, would exert efforts to bring it online within 12 to 14 months.

PGPIC has invested nearly 40 million dollars for construction of the project.

The plant will be built with 48,000 tons per year of production capacity on 5 hectares of land.

Once operational, the project will need 17,000 tons/year of polyethylene, 28,000 t/y tons of polypropylene, 3,000 t/y of masterbatch and 2,500 t/y of additives as feedstock.

Ethylene compound, propylene compound and masterbatch will be the main products of the plant.

"The industry is growing, and has diversified projects, and we can move more rapidly with the use of new technologies in the industry," Mohammadi said.

The official further said that the annual growth of crude oil in the world is one percent, while this figure is up to 9 percent in the petrochemical industry, adding: “The volume of the petrochemical industry's trade in the world is worth $3,800 billion annually, Iran can move more rapidly in the industry given its massive oil and gas reserves.”

Mohammadi emphasized: "The four elements of feedstock, knowledge and technology, capital and the market are one of the most important factors for building a project.”

55 petrochemical plants are operating in Mahshahr, Assaluyeh and other areas of the country with a capacity of 65 million tons per year, of which 31 million tons of products are sold, and about 22 million tons are exported to different destinations in the world.

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National Petrochemical Company