CEO stresses Seeking Sustainable Energy Supply for Petchem Industry

CEO stresses Seeking Sustainable Energy Supply for Petchem Industry
(Saturday, November 4, 2023) 14:12

TEHRAN (NIPNA) -- Emphasizing the importance of knowledge and operational synergy between the Ministry of Energy and the petrochemical industry, the Deputy Minister of Oil and CEO of the National Petrochemical Company stated that they are working towards ensuring sustainable energy for the petrochemical industry in collaboration with the Ministry of Energy.

Morteza Shahmirzai, in the third joint meeting on energy efficiency with the Institute of Energy and the Energy Studies Center of the Ministry of Oil, underscored the significance of energy supply as a lifeline for the industry and the economy. He noted that the recent resolution of the Islamic Consultative Assembly regarding the establishment of the "Energy Optimization Organization" is an effective and desirable step towards optimal energy management in the country.

The Deputy Minister of Oil, referring to the current positive approach to governance in the energy sector and the existing collaborations in energy supply between the Ministry of Oil and the Ministry of Energy, expressed special emphasis and interest in continuing and enhancing cooperation and interaction between the two organizations.

Shahmirzai considered coordination and the exchange of energy carriers between the two ministries as a suitable solution for the optimal utilization of existing infrastructure. Currently, the energy required for the petrochemical industry is provided through three independent complexes: Fajr, Mobin, and Damavand, as well as 11 power plants in petrochemical complexes.

Shahmirzai urged project executors in the petrochemical industry to plan carefully and recommended that they, in addition to securing their own required capacity, support the Ministry of Energy in providing electricity for rural and nearby urban areas.

The Deputy Minister in Petrochemical Affairs also called on the Ministry of Energy to take the necessary care and cooperation in ensuring the stability of power supply to petrochemical complexes, given the damages that power outages can cause.

The CEO of the National Petrochemical Industries Company further suggested the formation of specialized energy working groups in the fields of power plants and new fuels at the expert level, seeing it as a prelude to effective interaction between the two ministries.

Shahmirzai stated that the process of meeting the industry's needs, especially goods, equipment, and machinery used in various sectors of the petrochemical industry, is already underway by Iranian manufacturers. The hope is to achieve full self-sufficiency in this area within the next five years.

He concluded by saying that it is estimated that by the end of the Seventh Development Plan, the production capacity of the petrochemical industry will reach approximately 130 million tons, increasing to about 200 million tons by the end of the Eighth Development Plan. As a result, with the planning that has been carried out, the petrochemical industry is on the verge of a significant leap.

Furthermore, Shahmirzai emphasized the need to supply the necessary electricity for new petrochemical hubs in the Makran and Jask regions and the Persian Gulf energy-consuming zone. With the Ministry of Energy's collaboration in securing the required electricity for these units, the hope is that this development will contribute to the lower-tier industries' growth and the completion of the value chain.

In the continuation of the session, an expert energy working group composed of representatives from petrochemical industry complexes, the Petrochemical Research and Technology Company, a representative of the National Petrochemical Industries Company Headquarters, and the Ministry of Energy began its work in the presence of senior executives from these organizations.

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