National Iranian Petrochemical Company
 |
|
| Public | |
| Industry | Chemicals |
| Founded | 1964 |
| Headquarters | Tehran, Iran |
|
Key people
|
Marzieh Shah-Daei, Chief Executive Officer Bijan Namdar Zanganeh, Chairman |
| Products | Chemicals and intermediates, industrial polymers, fertilizers and metals |
| Revenue | $20.4 billion USD (2015) |
|
Number of employees
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37,000 (2015) |
| Website | www.nipc.ir |
The National Petrochemical Company (NPC) (Persian: شرکت ملی صنایع پتروشیمی), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran. It is responsible for the development and operation of the country's petrochemical sector. Founded in 1964, NPC began its activities by operating a small fertilizer plant in Shiraz. Today, NPC is the second largest producer and exporter of petrochemicals in the Middle East. Over these years, it has not only expanded the range and volume of its products, but it has also taken steps in areas such as R&D to achieve more self-sufficiency.
Two special economic zones on the northern coast of the Persian Gulf have been developed to be home to the NPC’s new project. These two zones enjoy a good access to feedstock, infrastructural facilities, local and international markets and skilled manpower. Despite pressure being exerted on the Islamic Republic over its nuclear program, Tehran expects to see a surge in petrochemical exports from $5.5 billion in 2007 to a total of nearly $9 billion in 2008. The Fourth Five-Year Plan (2005–10) calls for a fourfold expansion of petrochemical output, to 56 million tons per year.
Iran petrochemical industry dates back to 1963. The first petrochemical complex to produce fertilizer kicked off then. In 1977 (considered as initial development in Iran petrochemical industry) Razi, Abadan, Kharg, Farabi, Bandar Imam, complementary phase of Shiraz and Iran-Carbon of Ahwaz petrochemical units were put into operation in that year.
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