EghtesadOnline: Petrochemical Research and Technology Company has been granted a patent from the European Union for developing technology to convert methanol to propylene (MTP), the managing director said.
EghtesadOnline: Petrochemical companies in Iran produced 30 million tons in the last fiscal that ended in March, of which 22 million tons were sold in global markets, managing director of National Petrochemical Company said.
EghtesadOnline: To expand the value-added chain in the petrochemical sector, the first phase of Bushehr Petrochemical Company in Pars Special Economic Energy Zone (PSEEZ), southeast of Bushehr Province, became operational on Monday.
EghtesadOnline: Kimia Pars Middle East Petrochemical Complex in Asalouyeh, which started production at the end of spring, is trying to increase output for the export market, the managing director said.
EghtesadOnline: There is no problem in the production and allocation of urea fertilizer quotas, director of Iran's Association of Petrochemical Industry Corporation said.
EghtesadOnline: The oil minister has asked petrochemical companies to supply raw materials for products needed for battling the coronavirus.
EghtesadOnline: Export of 23 million tons of petrochemicals in the last fiscal (ended in March) helped offset at least 20% of lost oil revenues, a member of the board of directors of the National Petrochemical Company said.
EghtesadOnline: Construction of Masjed Soleyman Petrochemical Company's ammonium and urea units in Khuzestan Province is almost over and will come online by the end of the current fiscal year (March 2021), director of the project said.
EghtesadOnline: The 55 petrochemical companies in Iran annually use 35 million tons of natural and liquefied gas as feedstock to produce 31 million tons of products, managing director of the National Petrochemical Company said.
EghtesadOnline: The value of oil, gas and petrochemical exports has declined due to upheavals in the international oil market caused by the coronavirus. The massive quarantines and market closures worldwide have had a negative impact on the sales of the strategic products, a spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters' Union said.