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Ministry of Energy Ready for Collaboration in Utilizing Renewable Energy Sources

Ministry of Energy Ready for Collaboration in Utilizing Renewable Energy Sources
(Saturday, November 4, 2023) 14:11

TEHRAN (NIPNA) -- The Director-General of the Office of Supervision and Control of Electricity Transmission and Distribution at the Ministry of Energy has expressed the Ministry's readiness to facilitate the use of renewable and new energy sources in the petrochemical industry, especially by utility producers. This collaboration aims to increase productivity and optimize electricity usage.

Abdolsaheb Arjmand, the Director-General of the Office of Supervision and Control of Electricity Transmission and Distribution at the Ministry of Energy, stated during the third brainstorming session on the vision and new strategies for the petrochemical industry that the Ministry of Energy is prepared to enhance cooperation with the petrochemical industry, particularly with utility producers, to improve energy efficiency and make the most of renewable energy sources.

Arjmand emphasized the readiness for interaction and mutual growth in various areas, with a particular focus on the utilization of renewable and new energy sources. The interaction between the oil and energy sectors is expected to enable sustainable energy production in the country, allowing the petrochemical industry to be a part of future collaborations.

Arjmand continued, stating that 14% of the country's energy, equivalent to one million barrels of crude oil, is consumed by petrochemical companies. Additionally, 26% of the nation's electricity production, equivalent to 1.7 million barrels of crude oil, is allocated to the electricity industry. Given these figures, strengthening cooperation between these two sectors can have a significant impact on the nation's energy landscape.

The Institute of Energy's Willingness to Collaborate with Petrochemical Companies

Majid A'midpour, the President of the Institute of Energy, also stated in this meeting that the Ministry of Energy is ready to expand its cooperation with the Ministry of Petroleum, the National Petrochemical Company, and petrochemical companies in various fields. The Institute of Energy is well-prepared to engage in any form of cooperation and collaboration due to its essential infrastructure.

A'midpour added that the use of renewable energy, especially hydrogen, can contribute to reducing pollution. Extensive investments are being made in the use of these fuels, with Europe and Gulf states showing a greater interest in them than other regions worldwide.

A'midpour further noted that Saudi Arabia is expected to become the world's largest producer of hydrogen by 2035, while the United Arab Emirates and Oman have made substantial investments in hydrogen production. Collaborating in the energy sector can help Iran become a prominent player in the evolving energy landscape.

Producing Petrochemical Products with Sustainable Electricity Supply

Majid Daftari, the CEO of the Research and Technology Petrochemical Company, emphasized that sustainable electricity production enables industrial complexes in the petrochemical industry to operate more reliably.

He explained that in areas like Asaluyeh and Mahshahr, petrochemical plants rely on electricity supplied by companies such as Mobin, Damavand, and Fajr due to their concentrated utility infrastructure. However, in other regions, electricity plays a crucial role in ensuring continuous production. Any power interruption can result in significant losses for petrochemical companies, so measures need to be taken to ensure their electricity supply.

Daftari also highlighted that there have been considerable achievements in the economic field of energy, and they are ready to collaborate with petrochemical complexes and institutes to improve efficiency.

Hydrogen Production by Arvand Petrochemical for Completing the Value Chain

Mohammad Reza Karimi, the CEO of Arvand Petrochemical, spoke about the reasons behind the company's decision to establish a hydrogen unit and its readiness for implementation. He mentioned that extensive technical and economic studies have been conducted for this project, and it has been found to be justifiable. The unit will be established to complete the value chain of petrochemical production.

In this session, the CEOs of Mobin Energy, Fajr Energy, and Damavand Energy also shared their views and opinions with the Ministry of Energy officials.

The collaboration and partnership between the Ministry of Energy and the petrochemical industry are expected to play a vital role in optimizing energy usage, promoting sustainability, and enhancing productivity in this important sector of the Iranian economy.

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