Iran Eyes $400m Revenue Generation by Kaveh Petchem Plant

The CEO of Kaveh Petrochemical Plant stated that the facility was built with $950 million of investment, adding the project would generate $400 million annually. Speaking in a ceremony to launch the facility on Thursday (August 6), Ebrahim Asgarian noted that the facility is the world’s largest methanol producer with a daily production capacity of 7,000 tons of the item. It is developed for production of 2.3 million tons of methanol, he said, adding the plant is built in 200 hectares of land which can be developed for 5 projects. He added: About 1350 people are working in Kaveh Petrochemical Complex, 60% of which are local employees. The CEO of Kaveh Petrochemical Plant considered a private jetty and utility as […]

Iran to Launch 27 Petchem Projects by 2021

Iranian Minister of Petroleum Bijan Zangeneh said the country had planned to inaugurate 27 petrochemical projects by March 21, 2021 with $17 billion of investment. Addressing a ceremony to launch 3 major petrochemical projects on Thursday, August 6, Zangeneh said the country’s petrochemical revenue would reach $25 billion by 2021 and $37b by 2024. As he said the country’s petrochemical production capacity had doubled since 2013 that Iranian President Hassan Rouhani took office. Zangeneh also underlined the important role of petrochemical companies in the country’s stock market, saying the sector enjoyed 25% of the market’s share. He said today two important methanol projects and a technological project for catalyst production would be put into operation. By the end of the […]

Rouhani Lauds Launching Major Petchem Projects

Iranian President Hassan Rouhani lauded the inauguration of 3 major petrochemical projects with a total investment of 1.6 billion dollars as a major step towards development despite sanctions. The President said: “The inauguration of three important national and petrochemical infrastructure projects worth about $1.6 billion is a valuable step in the development of the country.” Dr. Hassan Rouhani, today (Thursday, August 6) ​​at the inauguration ceremony of Kaveh Methanol and Kimia Pars Middle East projects in Bushehr and Lorestan Petrochemical Catalyst unit, via video conference, said: “Today we are witnessing the transformation of the petrochemical industry. Today’s inaugurations were doubly gratifying, because when we want to distance ourselves from crude oil exports and turn them into valuable products, one of […]
Energy Conference of the European Union

Energy Conference European Union

Presentations and speeches of Dr. Beheshti member of the BPN Consortium at the Energy Conference of the European Union 📌 Norway is a strategic energy partner for the EU, and a major supplier of oil, gas and electricity. Norway is a member of the European Economic Area (EEA), and participates as a full member in the internal energy market. 📍The 4th EU-Norway Energy Conference “Working together for a successful energy transition” will be hosted by Miguel Arias Cañete, Commissioner for Climate Action and Energy and Kjell Børge Freiberg, Norwegian Minister of Petroleum and Energy in Brussels. The discussion themes will include the role of natural gas in Europe’s energy transition and decarbonisation in industry. A side event is being organised in the […]