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Iran Petchem Sector Needs 168 Million Gas Daily

Iran Petchem Sector Needs 168 Million Gas Daily
(Sunday, November 3, 2024) 15:14

MAHSHAHR (NIPNA) – Iran’s petrochemical sector will need 168 million cubic meters of gas daily to meet production goals set in the Seventh Development Plan, according to National Petrochemical Company (NPC) Chairman Hassan Abbaszadeh.

During a visit to petrochemical facilities in the Mahshahr Petrochemical Special Economic Zone, Abbaszadeh said the industry aims to produce 104 million tons of petrochemical products annually within this framework.

He noted that with an anticipated annual production growth rate of 8%, gas requirements — covering both fuel and feedstock — will rise to 205 million cubic meters per day in the Eighth Development Plan.

Highlighting ongoing projects, he stated that 61 petrochemical initiatives with a combined investment estimate of $24 billion and a total production capacity of 35 million tons per year are underway as part of the Seventh Development Plan.

Mahshahr hosts 20 of Iran's 72 active petrochemical complexes, contributing 25.8 million tons — approximately 27% — of the country’s total nominal production capacity of 96.3 million tons annually, Abbaszadeh said.

The region is also home to downstream industries, a unique feature among Iran’s petrochemical zones, which could foster more efficient logistics and supply chains.

Further development in Mahshahr includes the addition of 20 petrochemical projects with an estimated annual capacity of 8 million tons, expected to launch over the next two development plans.

The NPC chairman also highlighted Mahshahr's strategic export infrastructure, noting that the region’s seven export piers have a combined handling capacity of 15 million tons per year.

Abbaszadeh’s remarks came after he accompanied officials from Iran’s Parliament Commission for Oversight and Support of the Implementation of General Policies of Article 44, who toured Mahshahr’s petrochemical facilities, including Razi, Arvand, Bandar Imam, and Karun complexes.

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