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Iran Achieves 97% Self-Sufficiency in Petchem Catalyst Production

Iran Achieves 97% Self-Sufficiency in Petchem Catalyst Production
(Tuesday, December 19, 2023) 14:19

TEHRAN (NIPNA) - Iran's Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC) highlighted the nation's attainment of 97% self-sufficiency in producing the catalysts crucial for the petrochemical industry, crediting the achievement to the resolve of the 13th administration and the support of the Ministry of Petroleum.

Speaking on the television program "First Row" to commemorate the days of Fatimiyya, Morteza Shahmirzai emphasized the significant role of the petrochemical industry in industrial zones, highlighting its impact through the production and exportation of final products, contributing to employment opportunities and utilizing domestically produced goods.

Shahmirzai commended the expertise of hundreds of Iranian professionals, drawing from their extensive experience during challenging periods of imposed war and numerous sanctions.

He underscored the industry's success in leveraging the wisdom of previous generations to formulate a strategic approach to complete the value chain in this sector.

"Today, 97% of the needed volume and pricing of petrochemical catalysts are domestically produced, marking a significant milestone in our self-sufficiency," stated the NPC CEO.

Pointing out the introduction of three highly effective catalysts last week at a local catalyst manufacturing center, Shahmirzai emphasized the continuous confidence-building measures, encouraging domestic entities to rely entirely on Iranian catalysts.

Highlighting the superior quality of Iranian catalysts, the Deputy Petroleum Minister cited an instance where Iran's catalysts outperformed their European counterparts in a country known for their stringent quality standards.

Iran boasts more than 70 active petrochemical complexes, significantly reducing the annual import of €1.1 billion worth of catalysts, a majority of which are now domestically produced.

"The petrochemical industry and research centers have long been dedicated to catalyst research. However, the unwavering support of the thirteenth administration and the Ministry of Petroleum has brought us to this pinnacle of self-reliance in domestic production," Shahmirzai affirmed.

Addressing the winter season's challenges in petrochemical feedstock supply, the CEO emphasized the nation's Islamic system's commitment to utilizing all divine resources for public welfare. He urged citizens to judiciously use gas, an invaluable energy resource.

With gas as the primary driver of the country's industrial and production units, he stressed the importance of energy conservation in fostering sustainable petrochemical production, contributing to the nation's economy during the winter.

Regarding the initiatives for collecting associated gases, Shahmirzai highlighted the recent launch of the Persian Gulf Hoveizeh Refinery, nearing completion of the NG 3100 project, aimed at refining associated gases from the Karun region. These gases, once processed, will be injected into the national gas network, supplying the remaining fuel to petrochemical units.

"The petrochemical industry is at the forefront of collecting associated and flared gases," Shahmirzai emphasized, noting the concerted efforts of the National Petrochemical Company and the National Iranian Oil Company to address a century-old concern in the country.

Elaborating on plans to diversify petrochemical feedstocks, he mentioned units focusing on liquid feedstock and those aimed at completing the value chain by using inter-complex feedstocks, highlighting their prominence in the company's agenda.

"Holdings and petrochemical companies have planned investments in the upstream oil industry to secure sustainable feedstock for petrochemical units," the Deputy Minister said, addressing concerns regarding polyethylene production limitations and its import monopolies.

"We prioritize meeting domestic needs for petrochemical products. Until our domestic requirements are fulfilled, exports of these products will be restricted," he confirmed, emphasizing the National Petrochemical Company's strict stance on product distribution.

The company has initiated operational activities for a plant with a production capacity exceeding 450,000 tons of PET, addressing the current shortages and ensuring its availability in the local market.

"Due to shortages, our production units are currently obliged to import PET in adherence to our company's regulations," he added, noting the quantities planned for import over the next six months.

Concluding on plans to secure raw materials for downstream petrochemical companies, Shahmirzai highlighted the comprehensive strategies in place to construct multiple petrochemical units and bridge the gaps in critical petrochemical products within the country.

"Currently, petrochemical industry investors are executing various projects to eliminate shortages in petrochemical products across the country," he concluded.

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