Petrochemical   Customs  

Iran to expand Mahshar petchem hub to add 6m tons of new capacity

Head of Iran’s National Petrochemical Company (NPC) unveiled a plan for construction of a new petrochemical hub in Mahshahr Petrochemical Special Economic Zone in order to add up to six million tons (mt) of new capacity to the zone.

As reported by IRNA, speaking in the annual general assembly of the Petrochemical Special Economic Zone on Monday, Behzad Mohammadi noted that NPC is seeking two main goals in Mahshahr zone, one of which is maintaining the current output levels and the other, which is more important and of higher priority, is development of the zone and attracting and facilitating investment.

“In Mahshahr's grand scheme, development of downstream and mid-stream industries is given great importance,” he said adding that the Zone’s development plan is going through revision and preparation.

In early June, NPC signed a memorandum of understanding with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) for establishing a new petrochemical complex in Hormozgan Province adjacent to Persian Gulf waters.

According to IMIDRO Head Khodadad Gharibpour, by implementing 14 petrochemical projects in this petrochemical complex, 15 million tons would be added to the country's production capacity.

In December 2018, Mohammadi had announced that the company was planning to establish the country’s third biggest petrochemical complex following Asalouyeh and Mahshahr.
The new petrochemical hub was planned to be established by the oil ministry in collaboration with the ministry of industry, mining and trade.

In late May, Mohammadi said that Iranian oil ministry plans to complete 20 prioritized petrochemical projects across the country by the end of the Iranian calendar year of 1400 (March 2022).

The official noted that there were 64 petrochemical projects underway across the country with physical progresses between 20 and 99 percent.

Iran is currently producing nearly 56 million tons of petrochemicals each year of which 21 million tons is being exported to 30 different destinations across the globe.
Petrochemical industry is one of the most important pillars of Iran’s economy and one of the main suppliers of foreign currency especially euro for the country.


Leave a Comment:


32 European SMEs ready to enter Iran’s oil industry

Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s energy committee says 32 European small and medium-sized enterprises (SMEs) have expressed readiness for participation in Iran’s oil and gas projects.

IMIDRO carries out mining excavation on 102,000 sq.m of land

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) carried out mining excavation work on 102,000 square meters of land across the country in the past Iranian calendar year (ended on March 20, 2019), IRNA reported.

$4.5b of projects to go on stream by yearend: IMIDRO

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will put projects worth $4.5 billion into operation by the end of current Iranian calendar year (March 19, 2020), IRNA reported.

GSI to award 60 new areas for mining exploration

Head of Geological Survey and Mineral Explorations of Iran (GSI) said 60 new areas are going to be opened and awarded to the private sector for mining exploration, on the occasion of the organization’s 60th establishment anniversary.

Coal concentrate output up 13% in a month on year

Production of coal concentrate in Iran increased 13 percent in the past Iranian calendar month of Shahrivar (August 23-September 22) compared to the same month in the past year, IRIB reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Industry, mining sectors witness 18% growth in H1

Iranian Industry, Mining and Trade Minister Reza Rahmani announced that industry and mining sectors of the country have experienced a growth of 18 percent during the first half of the current Iranian calendar year (March 21-September 22) compared to the same period of time in the past year, IRNA reported on Saturday.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners