BIPC Charts $4b Production Value, 9 Million-Ton Capacity in “Bandar Imam Novin” Expansion Plan

BIPC Charts $4b Production Value, 9 Million-Ton Capacity in “Bandar Imam Novin” Expansion Plan
(Saturday, December 6, 2025) 13:44

Mahshahr, Dec. 5 (NIPNA) – The managing director of Bandar Imam Petrochemical Company (BIPC) announced a broad suite of expansion projects — including new polypropylene, chlor-alkali and polyethylene units, and a 51% stake in the major “Almas” mega-olefin project — which together form the backbone of the company’s ten-year plan to raise production value to USD 4 billion and total capacity to 9 million tons.

Speaking during a high-level visit by senior officials from the Ministry of Petroleum, Ministry of Labor, Ministry of Industry, the NPC management, and members of Parliament’s oversight faction for the oil, gas and petrochemical sectors, Sepehdar Ansari-Nik delivered a detailed report on the company’s operational progress, social-responsibility programs, foreign-exchange performance and structural challenges.

Ansari-Nik underscored the company’s position as a leading national actor in social responsibility. He outlined key initiatives ranging from construction of the 200-bed Basirat Hospital to building and equipping more than ten schools in Mahshahr and Bandar-e Imam, support for medical centers, rehabilitation of local mosques and prayer venues, contributions to welfare institutions, investment in municipal infrastructure such as bridges, roads and green spaces, as well as mangrove afforestation in Khor-e Musa and financial participation in the Khor-Sif port-market project. He added that the company also supports local security bodies, philanthropic organizations and cultural events.

He noted that, in recognition of these efforts, the company received the “Top CSR Company” commendation from the University of Tehran in a ceremony attended by the Speaker of Parliament.

Ansari-Nik reported substantial gains in production and revenue. Over the past three and a half years, annual output has increased by at least 400,000 tons. Foreign-currency revenues have risen from about USD 300 million to USD 900 million, with USD 600 million realized in the first half of the current year alone — a figure expected to reach USD 1 billion by year-end.

On the development front, he listed ongoing construction of a 300,000-ton polypropylene unit, a chlor-alkali complex with 300,000 tons of chlorine and 330,000 tons of caustic capacity, and the expansion of both light and heavy polyethylene units. The company’s 51% participation in the “Almas” mega-olefin project, he said, is a strategic undertaking aimed at completing the value chain and strengthening feedstock integration.

Presenting the “Bandar-e Imam Novin” roadmap, Ansari-Nik said the company’s ten-year horizon includes reaching USD 4 billion in production value, achieving a total capacity of 9 million tons, advancing digitalization programs, developing solar-power capacity and expanding salt production from the company’s salt lake.

He also identified several structural challenges affecting operations, including imbalances in fuel, feedstock and electricity supply (particularly in upstream installations), government-mandated pricing of products and feedstocks, rising infrastructure and utility costs, elevated water and gas prices, customs and logistics tariffs, and the impact of artificial demand in the commodity exchange, which contributes to leakage of certain polymer products into informal markets.

 


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