CEO: Petrochemical Industry Nears 100mn-Tonne Production Capacity

Date: 09 March 2025 - 22:14

News ID: ۱۳۷۷۴۶

TEHRAN – The CEO of the National Petrochemical Company (NPC) Hassan Abbaszadeh has announced that the petrochemical industry is on the verge of reaching a production capacity of 100 million tonnes.
Abbaszadeh stated that feedstock has been delivered to several petrochemical units, which are expected to become operational within the next few months.
The NPC head, speaking at the 11th Petrochemical Industry Excellence Award ceremony on Saturday evening, emphasized that developing the complex petrochemical industry is highly challenging without the use of modern management systems. He noted that the petrochemical industry is a leader in adopting these advanced systems.
Abbaszadeh highlighted that the Excellence Award process leverages existing management infrastructures scattered across petrochemical companies to create a platform for assessment and evaluation, enabling companies to grow. He added that excellence is not a single point but a continuous journey of progress, which has been ongoing in the industry for years despite various ups and downs.
The deputy oil minister underscored the value of the Excellence Award, stating that external evaluations of companies and their efforts to improve through recommendations are highly beneficial.
Abbaszadeh also emphasized the importance of leadership in the petrochemical industry’s evaluations, noting that the sector is significantly influenced by political and international issues alongside domestic challenges.
The NPC head stressed that flexibility and preparedness of managers to adapt to environmental changes are crucial for navigating organizational challenges.
He called for greater attention to artificial intelligence in the petrochemical industry, urging companies to focus on the transformative potential of AI.
Abbaszadeh also highlighted the importance of managers having a comprehensive understanding of the business landscape and ongoing developments. He described human resources as the most valuable asset and urged company leaders to treat employees with respect and warmth, as their satisfaction is key to driving progress and further developing the petrochemical industry.
Afshar Bazyar, the new CEO of Shastan Commercial Investment Company, noted that the petrochemical industry is currently one of the pillars of the country’s economy, with sustainable development playing a critical role.
He defined sustainable development as designing a value chain to optimize production, reduce environmental impacts, increase profitability, and fulfill social responsibilities.
Bazyar emphasized the necessity of completing the value chain, diversifying the feedstock portfolio, updating technologies, and developing target markets in the petrochemical industry. He added that increasing investments in the sector is essential to achieving planned goals.
He pointed out Iran’s opportunities and advantages for investment in the petrochemical industry, including rich hydrocarbon resources, a skilled workforce, and access to open waters for exports.
Bazyar concluded by recommending greater focus on energy management, recycling, and circular economy practices in the petrochemical industry. He suggested that the National Petrochemical Company implement an integrated system across all industry processes to further streamline the improvement and excellence of the sector.
During the ceremony, awards were presented to top companies in the 11th Petrochemical Industry Excellence Award. Additionally, a cooperation agreement was signed between the National Petrochemical Company and the National Water and Wastewater Company to implement water supply projects for underserved villages, aligning with the petrochemical industry’s social responsibility initiatives.