Jun 22, 2024 02:10

NPC Mulling 25 New Petchem Projects

NPC Mulling 25 New Petchem Projects
The director of project management at National Petrochemical Company (NPC) says the company is considering 25 new petrochemical projects which will add 49 million tons to the country’s total production capacity.

 Ahmad Zarei said on Tuesday that the projects will cost $21b but will bring the country’s petrochemical production capacity to around 110 million tons per year.

He said currently the rated production capacity of petrochemical plants across Iran is 59 mt/y but their production stands at 46 mt/y because of shortages in feedstock supply.

“We hope that by inauguration of new South Pars phases, more gas will be available for feeding petrochemical plants, hence operation of the plants at their nameplate capacity,” he said.

Zarei further added that 2 major projects are being considered for utility supply to the plants.

He said NPC has 50 projects either being constructed or operational for the time being which, once fully operational, will add 32.7 mt/y to the country’s export capacity.

He said the projects will need $14b for their completion. They have made on average 25.5% progress with some being nearly complete.

Elsewhere, he said Iranian developers bankrolled as much as $70b for development of oil, gas and petrochemical projects last year.

Zarei said Iranian manufacturers are now mature enough to build sophisticated industrial parts like compressors and pumps used for complicated operations. 

Aug 22, 2016 13:21
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