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NPC Fully Backs Catalyst Producers

Source: www.gulfoilandgas.com 12/17/2019, Location: Asia

The CEO of the National Petrochemical Company (NPC) voiced his company’s full support for producers of petrochemical catalysts in the country.

Addressing a meeting with producers of catalysts on Monday, Behzad Mohammadi said: The valued activities of the companies active in the field of catalyst production are not unknown to anyone, and the measures taken to provide catalysts for petrochemical complexes can accelerate the development of this value-added industry.

He said knowledge-based companies and start-ups have made great strides in recent years and “we should work especially hard in the field of catalysts to achieve self-sufficiency in the field.”

"The petrochemical industry is more sophisticated than the oil and gas industries," he said, adding according to world figures, growth in production and consumption of petroleum products in the world is projected to be around 1.3 percent by 2030, while the figure is around 3 to 3.5 percent for the petrochemical industry which means the sector’s growth will be three times more than the petroleum industry by 2030.

The NPC CEO further underlined the production of 90 types of polymeric, chemical and hydrocarbon products, adding currently 20 types of polymers were being produced in Iran and sold on the stock market.

Noting the existence of a $33.5 billion catalyst market in the world, he said 54% of the catalysts in the global market are petrochemical and refining ones with a value of $18 billion; Iran’s share in this market is 400 million dollars which is 2.2% of the global market.

According to Mohammadi, who is also the deputy petroleum minister for petrochemical affairs, production and localization of catalysts in the country could prevent importing them adding to the country's revenues as well as the resilience of the industry.

Currently, 18 companies are operating in the field of catalyst production in Iran, he said, adding: “From 40 catalyst groups in the petrochemical industry, 16 groups have been commercialized and localized in the country and 9 other catalyst groups will be produced locally by 2021 with the support of Iranian producers.”

There are currently 54 production complexes with a capacity of 66 million tons per year in Iran. Once 27 petrochemical projects come on stream by 2021, the number of active petrochemical plants in Iran will reach 83 with 100 mt/y of production capacity, the NPC CEO added.

He also predicted that based on the plans envisaged by NPC, Iran’s petrochemical production capacity will reach 133 mt/y by 2025.

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