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Iran Petchem Sector Calls for Enhanced Energy Efficiency Measures

Iran Petchem Sector Calls for Enhanced Energy Efficiency Measures
(Saturday, February 1, 2025) 12:16

TEHRAN (NIPNA) – The National Petrochemical Company (NPC) has emphasized the need for greater synergy, awareness, and technology adoption to optimize energy consumption, as Iran grapples with severe energy imbalances.

Speaking at an energy efficiency seminar, Ali Rabani, acting head of energy optimization at NPC, highlighted challenges in energy management despite Iran’s vast reserves. "Proper utilization of these resources requires collaboration among stakeholders and cutting-edge technologies," he stated.

Rabani stressed that global energy demand is rising, while Iran’s renewable energy usage remains minimal despite its high potential. He pointed to NPC’s efforts in upstream investments, flare gas recovery, and renewable energy integration, stating that 76% of petrochemical firms currently comply with energy consumption standards. The goal is to achieve full compliance within five years through 13 targeted strategies.

He also called for reforming Iran’s energy governance to address high energy intensity and improve resource monetization. Rabani noted that pricing reforms are key to encouraging industries to reduce consumption, suggesting a dual-pricing system for households and industries over the next five years, aligning with international practices.

NPC has faced gas supply shortages, with natural gas mispricing in commercial and industrial sectors reducing incentives for energy efficiency. The petrochemical industry suffered gas supply constraints in the past two months, resulting in an estimated $2.5 billion monthly revenue loss for the government.

Supply disruptions have also lowered domestic availability of feedstock for downstream industries, reduced foreign exchange revenues due to lower exports, and increased economic risks for new investments, Rabani warned.

To mitigate gas shortages, NPC is engaging in national energy-saving initiatives. Rabani highlighted the "10% Gas and Electricity Reduction Campaign", launched in partnership with non-governmental organizations, which promotes energy conservation without compromising living standards.

Participants in the campaign can register via NABZENERGY.ir, accessing subsidized appliance upgrades as part of broader efforts to improve energy efficiency, economic stability, and environmental sustainability.

Rabani expressed hope that nationwide cooperation would foster a culture of responsible energy consumption, urging industries and households to contribute to long-term energy security.

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