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It is responsible for the development and operation of the country's petrochemical sector. Founded in , NPC began its activities by operating a small fertilizer plant in Shiraz. Two special economic zones on the northern coast of the Persian Gulf have been developed to be home to the NPC's new project. These two zones enjoy a good access to feedstock, infrastructural facilities, local and international markets and skilled manpower. Iran petrochemical industry dates back to The first petrochemical complex to produce fertilizer kicked off then. Prior to the Iranian revolution, the first major petrochemical operation in Iran was the Shiraz Petrochemical Complex which by would have had facilities that would have increased annual production capacity of urea by , tons, nitric acid by , tons and ammonia nitrate by , tons, while the largest petrochemical plant in Iran prior to the revolution was the Abadan Petrochemical Plant which by produced in excess of , tons of PVC , 12, tons of dodecylbenzene and 24, tons of sodium hydroxide. Other large ventures planned prior to the revolution included a second trans Iranian-Soviet pipeline for natural gas named Igat-2 valued at 2 billion, an addition of a methanol production facility at the Kharg Petrochemical Company a joint venture with Amoco known for producing over , tons of sulfur a year and the Iran Carbon Company a joint venture with the Cabot Corporation the largest black carbon and rubber producer in the Middle East. The largest petrochemical and fertilizer plant in the world, a joint venture between the government of Iran and Japanese conglomerate Mitsui was to be constructed in the city of Bandar e-Shahpur , alongside the Persian Gulf. Arvin who formerly managed the Shiraz and Abadan plants. Due to getting involved in Iran—Iraq War , Iran oil industry development experienced the lowest growth rate from till In the country petrochemical products reached 2. Since till petrochemical industry started to reconstruct. The fourth period — — called stabilizing and sudden growth period — started in and has been continued till now. The number of petrochemical facilities rose to 39 in the post-Islamic Revolution era from only 6 in , raising the output to In , Iran's petrochemical industry experienced at least 15 accidents, possibly linked to cyber-attacks. NPC's major activities are production, sale, distribution and export of chemicals and petrochemicals. As of end of , Iran's total annual petrochemical production capacity stood at 34 million tonnes. In , Iran earned 12 billion dollars from exporting petrochemical products to over 60 countries. Iran has a diversified petroleum product basket with more than 70 products. Methanol: Iran is a key player in supplying the world's methanol demand. Ethane: In addition, Iran has a competitive advantage in the gas consuming stream of the petrochemical industry due to its vast reserves of natural gas. In the Planning and Development Department of NPC initiated, with the help of other related institutions and individuals, a long-term study on the 'Strategic Plan for the Development of the Petrochemical Industry in Iran'. Considering national and international factors such as the local market, export potentials, feedstock availability and profitability, a year development plan, consisting of five development phases, was drawn up. The Ministry of Petroleum of Iran has set targets for annual production of Iran National Petrochemical Company's output capacity will increase to over million tpa by from an estimated 50 million tpa in thus becoming the world' second largest chemical producer globally after Dow Chemical with Iran housing some of the world's largest chemical complexes. Projects due to be completed by , such as the 14th olefins complex in Firouzabad with 1mn tpa ethylene capacity, the 15th olefins complex in Genaveh with ,tpa of ethylene and the 17th olefins complex in Ilam with ,tpa of ethylene, were significantly delayed under the sanctions regime. Meanwhile, the 12th olefins complex has been postponed and will be configured. However, the 16th olefins and methanol complex is already being constructed by Bushehr Petrochemical Company as part of phase two of the Pars SEZ at Assaluyeh. Completion of the plants, with capacity for 1mn tpa ethylene and 1. UK, France and the Netherlands rank the next with 18 per cent share, 12 per cent share and 11 per cent share, respectively. As of , self-sufficiency in manufacturing and repairing rotating equipment and providing catalysts are the main challenges of the petrochemical industry in Iran. Domestic production of 52 petrochemical catalysts will be started in onward. Local and foreign, is essential for sustained growth of the petrochemical industry in Iran. Policies for encouragement of private sector participation include allocating NPC shares to private sector both inside and outside of Iran; supporting local private sector investments in the petrochemical industry; supporting local engineering firms and production companies; allocating parts of engineering, and most of construction jobs, to the local private sector; and allowing the private sector to invest in new projects in the petrochemical industry. NPC plans to privatize 17 subsidiary companies by the end of For several years, Iranian petrochemical companies have enjoyed significant discounts from the government on their natural gas feedstock, in comparison to global prices. As of , Parsian is the largest listed holding company of petrochemicals in Iran and controls the world's largest producer of methanol Zagros Petrochemical and the world's largest producer of urea Pardis Petrochemical. In accordance with the government policy on rapid development of the petrochemical industry, many steps have been taken to make foreign investments in this industry more attractive for our future joint-venture partners. Such actions include creation of special industrial economic zones, revision of legal to taxes and tariffs , guarantee of capital and profit transfer, and providing the required utilities and the needed infrastructure for industrial and commercial operations. The availability of a highly trained but inexpensive work-force, cheap feedstocks and a sizable internal market, will also work in Iran's favor, to attract foreign investment. Iran has proposed the creation of a Petrochemical Exporting Countries Forum PECF which aims at financial and technological cooperation among members, as well as product pricing and policy making in production issues. Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools. Download as PDF Printable version. In other projects. History \[ edit \]. See also: Economic history of Iran. Main activities \[ edit \]. Main products \[ edit \]. Expansion of the petrochemical industry \[ edit \]. See also: Assaluyeh and South Pars. Research and development \[ edit \]. See also: Science and technology in Iran and Petrochemicals. Privatization \[ edit \]. Feedstock price \[ edit \]. See also: Iranian targeted subsidy plan. NPC affiliate companies \[ edit \]. See also: Iran's major domestic contractors in the petroleum industry , List of Iranian companies , and Persian Gulf Petrochemical Industries. Foreign investment \[ edit \]. See also: Foreign Direct Investment in Iran. Special industrial economic zones \[ edit \]. See also \[ edit \]. References \[ edit \]. Archived PDF from the original on Retrieved Air and water purification and pollution control equipment. Archived from the original on Iran: a survey of U. Executive Intelligence Review. Archived from the original on January 17, Echo of Iran. Moody's Investors Service. Charles Reynell. Major companies of Iran. ISBN Tehran Times. Archived from the original PDF on Archived from the original on May 8, Archived from the original on July 23, Retrieved February 19, Business Credit Professional Journal archives from'. Archived from the original on July 15, Archived from the original on Feb 19, Retrieved Oct 20, Turquoise Partners. Archived from the original on June 30, Archived from the original on October 30, Archived from the original on August 16, Archived from the original on February 1, Archived from the original on July 16, External links \[ edit \]. Energy in Iran. Power stations Petroleum industry Economy Energy subsidies reform plan Transport. Anglo-Persian Oil Company. Wind power. Jey Oil Refining Company. Department of the Treasury sanctions. Hidden categories: CS1 Persian-language sources fa CS1 maint: archived copy as title All articles with bare URLs for citations Articles with bare URLs for citations from August All articles with dead external links Articles with dead external links from February Articles with permanently dead external links Webarchive template wayback links Articles with dead external links from February Articles containing Persian-language text Pages using Lang-xx templates All articles with unsourced statements Articles with unsourced statements from August Official website different in Wikidata and Wikipedia. State-owned company. Tehran , Iran. Chemicals and intermediates, industrial polymers , fertilizers and metals. Khorasan Petrochemical Co. Isfahan Petrochemical Co. One of the largest privatized co. Kharg Petrochemical Co. Shiraz Petrochemical Co. Razi Petrochemical Co. Archived at the Wayback Machine. Linked to Iran's nuclear and missile programs. As of , owned by a Turkish consortium. Orumiyeh Petrochemical Co. Bandar Imam Petrochemical Co. One of Iran's top companies. Petrochemical Commercial Co. E , South Korea and Turkey. Arvand is the largest polyvinyl chloride PVC producer in the world. Amir Kabir Project. Privatized company. Privatized co. Shahid Tondguyan Petrochemical Co. One of the largest companies in Iran. Khuzestan Petrochemical Co. Fajr Petrochemical Co. Mobin Centralized Utility. It is the largest centralized utility plant in Iran. The complex also includes a light polyethylene unit with annual production of , tons, a poly-propylene unit with production of , tons per annum , an ethylene glycol unit , tons and heavy polyethylene , tons. World's largest ethylene unit. Zagros Petrochemical is the world's largest methanol producer. As of , it had a production capacity of 3. The styrene monomer plant in Pars Petrochemical complex is the largest such plant in the world which produces , tons of this product annually. Marun Petrochemical Complex. Oxygen and nitrogen production line inaugurated in Arya Sasol Polymer Co. Partner: South Africa Sasol. Nouri Borzouyeh Petrochemical Complex. Fanavaran Petrochemical Co. Fanavaran Petrochemical, Iran's second largest methanol producer, was the first to be privatised. Abadan Petrochemical Co. See also Abadan Refinery. Farabi Petrochemical Co. Rahavaran Fonoon Petrochemical company. Joint-venture with Venezuela.

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