According to the Trade Development Organization's circular, export bans on chemical, polymer, and petrochemical products were lifted.
The case of Jam Petrochemical's long-standing claims against Mehr Petrochemical was settled by executing a court order, and assets worth about $872 million were transferred to Jam Petrochemical. According to the company's CEO, the benefits of this action will go back to the assets of the country's pensioners.
The Deputy Minister of Energy announced the ministry's new decision to strengthen the sustainable and economic electricity supply to the industrial sector and announced: "From August, the exclusive electricity supply mechanism for the petrochemical industry will be implemented, and at the same time, the electricity supply to other energy-intensive industries will continue through the open and green energy exchange board."
Iran's polypropylene production capacity will increase as a new petrochemical complex in the west of the country enters commercial production in the summer.
Lordegan Petrochemical announced the restart of ammonia and urea units; an event that took place on June 19, 2021, and shows that this complex has returned to the production cycle after a halt.
Petrofarhang Holding won the top statuette for "Reviving Profitability, Product Portfolio Management, and Value Creation" at the 12th National Festival of Excellence in the Petrochemical Industry of Iran.
The CEO of Bandar Imam Petrochemical Company announced that the reconstruction and renovation of the steam power plant of this complex is underway at an accelerated pace, saying: "The production units of Bandar Imam will soon be operational."
Pardis Petrochemical announced the restart of Phase 2 of production and announced that Phases 1 and 2 of the company are currently in production at 60% capacity; a return that, although considered positive, is still far from full production levels.
The Iranian methanol production catalyst was used under license from the Petrochemical Research and Technology Company with successful performance in accordance with international standards at the Kaveh Petrochemical Complex.
The Deputy Minister of Oil said: "Export permits were issued for some of the products that have surplus production and warehouses are full of them."