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Working Group Formed for Sustainable Petchem Feedstock Supply

Working Group Formed for Sustainable Petchem Feedstock Supply
(Wednesday, January 1, 2025) 10:10

TEHRAN (NIPNA) – The National Petrochemical Company (NPC) has established a specialized working group to ensure a sustainable feedstock supply for petrochemical complexes across the country.

The inaugural meeting of the working group, chaired by NPC CEO and Deputy Petroleum Minister Hassan Abbaszadeh, focused on addressing energy imbalances outlined in the 7th Development Plan.

Key Takeaways from the Meeting:

    Future Feedstock Demand: With the commissioning of new petrochemical projects under the 7th Development Plan, strategies to meet the increasing demand for feedstock were discussed. This includes addressing the needs of upcoming production units.

    Utilization of Idle Capacities: A significant focus was placed on optimizing the utilization of idle capacities within petrochemical complexes, aiming to reduce the current 22% downtime rate to below 20%.

    Feedstock Diversification: Expanding the feedstock portfolio, efficient utilization of associated gas, and ensuring a stable supply for NGL plants were highlighted as critical measures.

Energy Optimization and Renewables:

The meeting also explored strategies for:

·         Enhancing energy efficiency in petrochemical processes.

·         Integrating renewable and sustainable energy sources into operations.

·         Strengthening collaboration among petrochemical holding companies to address energy imbalances and secure additional feedstock resources.

This initiative underscores NPC's commitment to sustainable growth and operational efficiency in Iran's petrochemical industry. The working group aims to develop actionable solutions to meet the sector's evolving needs while fostering environmental and economic sustainability.

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