NPC Backs Private Petchem Firms, Startups at Export Showcase

NPC Backs Private Petchem Firms, Startups at Export Showcase
(Tuesday, April 29, 2025) 09:55

TEHRAN (NIPNA) – Iran’s National Petrochemical Company (NPC) reaffirmed its full support for private-sector petrochemical firms and knowledge-based startups during a visit to the 7th Iran Expo, the company’s chief said on Tuesday.

Hassan Abbaszadeh, Deputy Petroleum Minister and CEO of NPC, visited the booths of several upstream and downstream petrochemical companies, holding discussions with senior executives about ongoing production projects, development plans and future strategies.

Managers of leading petrochemical holdings and private companies requested continued government backing, particularly in securing stable feedstock supplies. Abbaszadeh stressed the NPC’s commitment to supporting these enterprises across all areas of activity.

During the tour, Abbaszadeh visited the booths of Tadbir Energy Development Group, Shastan Commercial Investment Company, Zagros Petrochemical Company and knowledge-based firm Granule Morvarid Yazd. He praised the progress made by these companies in developing local production capabilities.

At the Tadbir Energy booth, Abbaszadeh received a briefing on Ghadeer Basir Petrochemical’s operations in producing acrylonitrile butadiene styrene (ABS), a key polymer. NPC aims to achieve national self-sufficiency in ABS production, Abbaszadeh said.

Meanwhile, Ghadeer Basir's marketing manager reported the company is currently producing above its nominal capacity and targeting an annual output of 50,000 tonnes, supported by the import of new extruders and equipment.

Abbaszadeh also commended Shastan’s dual focus on upstream and downstream investments. Alireza Roudbari, deputy CEO of Shastan, highlighted the company’s projects in Makran Petrochemical Park, aiming to position it as Iran’s third major petrochemical hub.

At Granule Morvarid Yazd, Abbaszadeh lauded the company’s role in enhancing the value-added chain through compounding technologies. The startup signed an agreement with Bank Refah during the exhibition to finance its expansion projects.

The NPC chief concluded his visit with talks with Matin Didari, CEO of Zagros Petrochemical, discussing the firm’s latest initiatives.

The 7th Iran Expo runs from April 28 to May 2 at Tehran’s International Permanent Fairground, showcasing Iranian capabilities in goods and technical services for global export markets. The petrochemical sector's achievements are presented in four key segments: methanol, urea, chemicals and polymers.

 


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