The report, covering September 2024 to July 2025, highlights expansion
in production, export diversification, infrastructure upgrades, and stronger
ties with knowledge-based companies.
Production and exports
At the end of 2024, 73 active petrochemical complexes achieved an annual
production of 75.2 million tonnes. Domestic sales totaled 16 million tonnes
worth $9.6 billion, while exports reached 26.6 million tonnes valued at $11.6
billion. Export revenue for 2024 alone was estimated at $13 billion.
Two major projects came online during the year: the Nakhl Asmari
pentaerythritol plant (29,000 tonnes/year) and the Padjam Polymer plant
(290,000 tonnes/year).
Infrastructure development
Significant upgrades continued at the Pars Special Energy Economic Zone in
Asaluyeh and the Petrochemical Special Economic Zone in Mahshahr, including
refurbishing and reconfiguring docks and piers, with several projects expected
to be operational by 2027.
Innovation and localization
NPC emphasized collaboration with knowledge-based firms, domestic production of
catalysts, absorbers, and chemicals, and partnerships with Chinese institutes
for process development and technology transfer. Five laboratory-phase projects
are ongoing with university and research centers.
Key initiatives
Since September 2024, NPC has implemented 12 major initiatives, including
launching an AI roadmap, conducting spatial investment studies, advancing gas
management programs, reviving stalled projects, and reforming licensing
processes.
Outlook
Several projects are ready for inauguration, including the Bidboland gas flare
collection phase, Apadana Methanol, and two polystyrene plants. NPC’s strategy
demonstrates a balance between leveraging current capacities, reviving halted
projects, localizing key technologies, and securing domestic and international
funding.
The sector’s growth not only boosts Iran’s non-oil revenue but also
strengthens the resilience of its petrochemical value chain amid global market
fluctuations.