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Iran NPC Plans to Focus on Production of New Grades

Source: www.gulfoilandgas.com 10/14/2012, Location: Asia

Managing director of National Petrochemical Company (NPC) says the company plans to produce various grades of petrochemicals.

Speaking with Shana, Abdolhosain Bayat said the plan would be based on meeting needs of domestic consumers and customers adding ‘in our meetings with Working Group on Market Regulation, we reached agreement on production of specific grades based on petrochemical plants’ potentials on the one hand and customers’ needs on the other hand.’

‘Ministry of Industry, Mine and Trade should assess needs of complementary industries, which are known as downstream sector, to determine the amount and different kinds of their needs to petrochemical products’, Bayat told Shana.

Referring to development plans of petrochemical industry on diversification of products in recent years, Bayat noted that past development plans were revolving around production of basic products like ethylene, methanol and intermediary products such as different kinds of polyethylene, which was the result of domestic and foreign demand for this kind of products.

‘Market saturation of intermediary and basic products and rising attitude of producers toward production of some especial products has prompted us to revise in our production policy’ according to Bayat.

The official continued that completion of production cycle from upstream to downstream sectors could have other advantages including rising employment and per capita income.

For production of especial grades we will take into account not only needs of the customers but the quality, NPC’s official said.

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