NPC Latest News of Progress, Development, Improvement and Growth

NPC Latest News of Progress, Development, Improvement and GrowthIran petrochemical industries are the most important and at the first row of the Iranian trade balance over non-oil export values. It is now a daily habit of the media to look after new announcements some of which worth to be published in brief. The latest news over Iran’s petrochemical industries could be read here below:

By encouraging formation of trade unions and consortia, Iran has taken the first step in integration of its petrochemical trade with foreign customers, an official said.

News in brief 1: Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said the unions are aimed at integrating the trade operations of petrochemical producers and exporters in Iran. She said the process will time-consuming given the fact that most of the country’s petrochemical companies are private-run and pursue various business goals in their operations.

Shahdaei, who is also deputy petroleum minister for petrochemical affairs, further noted that a methanol export consortium has also been formed in the country in this regard.

Iran has the capacity of supplying 5.5 million tons of methanol annually.

News in Brief 2:  Bandar Emam Petrochemical Plant supplied nearly 3 million tons of petrochemical products in the first 6 months of the current Iranian fiscal year, up by 7% year-on-year.

According to the company’s books, Bandar Emam Petrochemical Company supplied 2.85 million tons of products during the period which was made possible by timely management and removing production bottlenecks.

As a subsidiary of the company, Bandar Emam Processing Company rose its output by 172,000 tons and supplied 2.142mt of items, up by 9% year-on-year.

The company provided several petrochemical items including 441,000 tons of butane and 499,736 tons of propane, among others.

News in brief 3:  Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) has signed three contracts for selling polymer products to customers in South Korea, Taiwan and China.

A senior official with the company, Hossein Rasoulzadeh told NIPNA that his company has signed three sales deals with Asian customers for selling petrochemical and polymer products to them.

Based on the deals PGPIC will sell 100,000 tons of petrochemicals to each of its customers annually. PGPIC subsidiaries exported 700,000 tons of polymer products in the first half of the current Iranian calendar year which began on March 21.

The exports have fetched the company nearly 700 million dollars in revenues.

 All news source and edition : “NIPNA


NPC Latest News of Progress, Development, Improvement and Growth
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