The reconstruction project manager of the Persian Gulf Fajr Energy Company announced the completion of the first phase of the complex's restoration in less than 15 days and said: "The reconstruction and expansion program with a capacity equivalent to 2,600 MW in the power plants of Regions One and Two, with the aim of increasing the sustainability of energy supply to the region's industries, is being implemented over a time horizon of about 22 months."
The methanol industry recorded a heavy picture in May, where the decline in production was directly caused by the war. The consequences of the imposed war in March and April, from damage to utility infrastructure to disruptions in food supplies, reached their peak in this month and brought production to the brink of shutdown. Meanwhile, Kharg Petrochemical did not enter the circuit at full capacity due to its strategic location on the island and security requirements, and in the wake of these circumstances, it did not publish a report on its performance in April and May.
The Director of Downstream Industries Development at the National Petrochemical Industries Company announced the improvement in the supply of raw materials for downstream industries and said: "With the gradual increase in supplies and the continuation of calculating the base price of petrochemical products based on pre-war global rates, the market is on the path to balance."
The CEO of the National Petrochemical Industries Company emphasized the company's support for damaged holdings and petrochemical companies, saying: "Damaged complexes must be reconstructed and put into operation using new technologies."
Referring to the increase in electricity delivery to petrochemical industries, the Deputy Minister of Electricity and Energy of the Ministry of Energy said: "The amount of electricity delivered to petrochemical industries has increased ninefold compared to last year."
The head of the dynamic agriculture faction in the parliament criticized the uncertainty in determining the price of urea fertilizer, saying: "Proposing the supply of this input based on the stock exchange price could increase its price to 4 to 4.5 million tomans per bag, which has serious consequences for producers and the country's food security. The president needs to address the issue."
The Pars Glycol Petrochemical Complex, previously known as Pars Phenol, with an annual production capacity of more than 550,000 tons of ethylene glycol, has been put into operation as one of the key projects of Iran's petrochemical industry in the second phase of the Pars Special Economic Energy Zone.
While no official decision has yet been made on Iran’s sanctions waivers, speculation about the possibility of some restrictions being eased has focused attention on an industry that became one of the country’s most important sources of foreign exchange during the sanctions years: the petrochemical industry. But the big question is whether any potential waivers would only pave the way for exports, or could they also unlock technology, equipment, and investment?
Ali Rabani, Energy Optimization Manager at the National Petrochemical Industries Company, stated at a press conference: "Today, we have 450,000 members in the Energy Pulse campaign, and the amounts charged to the accounts of fellow citizens who have reduced their consumption, which includes a 10% reduction in stages 3 and 4, a 5% reduction in stage 2, and no increase in consumption in stage 1, have reached over 35 billion Toman, and subscribers can withdraw this amount or allocate it to charitable causes."
In the post-war days, nylon bags in bakeries have reached prices from 3,000 to 7,000 to 10,000 tomans, and the price per kilogram in retail stores has increased by up to twice. However, Mohammad Mutali, the manager of downstream industries development at the National Petrochemical Industries Company, says: "The hype is unrealistic, nylon and nailox have no room for price increases, and the industries' warehouses have a resilience of 2 to 3 months."