NPC CEO Stresses Strategic Foresight for Sustainable Petchem Development

NPC CEO Stresses Strategic Foresight for Sustainable Petchem Development
(Monday, March 17, 2025) 14:42

TEHRAN (NIPNA) – Iran’s Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, emphasized the necessity of strategic foresight, continuous monitoring, and in-depth studies in the petrochemical sector to ensure sustainable development over the next two decades.

Speaking at the inauguration of the Petrochemical Strategic Studies Office, also known as the Petrochemical House, Abbaszadeh underscored the importance of a dedicated research base to enhance decision-making in the industry.

“Diversifying target markets, identifying opportunities and challenges, and closely monitoring industry trends must be prioritized,” he said, stressing that ensuring a stable feedstock supply is the primary challenge facing the sector.

Iran’s petrochemical industry has an annual production capacity of 100 million tons, but 20% remains unused. Abbaszadeh highlighted the need for comprehensive studies to address this issue and secure a reliable feedstock supply to support the sector’s targeted 8% annual growth.

He also pointed to global market trends, particularly in India, China, Saudi Arabia, Qatar, and Africa, urging detailed market assessments to identify key product demands and diversify export destinations.

Additionally, Abbaszadeh called for strategic research into carbon emissions, especially flare gases, describing it as a national priority.

He also noted that a regional planning project is underway at NPC to evaluate and define downstream industries for each province.

The NPC chief emphasized forming expert working groups and leveraging industry expertise to advance petrochemical projects, urging the swift commencement of essential studies to enhance the sector’s overall performance.

Strengthening Academic and International Collaboration

Mohammad Sadegh Jokar, President of the Institute for International Energy Studies, highlighted the institute’s mission to establish effective connections with domestic and international academic institutions.

“This center aims to develop operational mechanisms addressing various issues, including pricing strategies, media influence, and petrochemical system developments,” Jokar said.

He noted that a policy council has been set up to determine key research topics and form study groups that analyze market trends, pricing shifts, and research needs, with findings regularly submitted to the Ministry of Petroleum.

Jokar also underscored the center’s role in data modeling and forecasting national energy demand. He revealed that monitoring robots are being deployed to collect precise market and media data, aiding in predictive analysis.

“By establishing a network of think tanks and experts, this center seeks to enhance decision-making processes in the petrochemical sector,” he concluded.

 


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