Business Today Egypt - bt’s Post

📢 We are thrilled to announce that Al Baleed Petrochemical has signed an MOU with Lummus Technology to bring the nation’s first Propane Dehydrogenation (PDH) plant to Salalah. This collaboration, announced at #ADIPEC2024, highlights our commitment to advancing Oman’s industrial landscape by establishing a foundation for propylene production, a key driver in expanding downstream value chains. With the support of Lummus’ renowned CATOFIN® technology, we are setting the stage for a high-impact project that leverages locally sourced LPG from OQ, maximizing Oman’s abundant resources. This PDH plant will play a pivotal role in the Al Baleed Petrochemical Park, a specialized chemical hub focused on producing high-value chemical products powered by Salalah’s feedstocks like methanol, LPG and ammonia. By investing in this PDH plant, Oman takes a decisive step forward, reinforcing its dedication to innovation and sustainable growth in the global petrochemical market. This collaboration with Lummus exemplifies our vision to support Oman Vision 2040 by creating new industrial and investment opportunities, showcasing the strategic role of Omani resources in the world stage. #Oman #Petrochemicals #PDH #Propylene #AlBaleedPetrochemical #LummusTechnology #Salalah #SustainableGrowth #OmanVision2040

The petrochemical industry serves as a driving force behind economic growth and industrial innovation, paving the way for a sustainable and interconnected future. Its role in advancing global infrastructure and development is unparalleled. At Atra Crown Energy, we are proud contributors to this vision through the production and export of high-quality Iranian bitumen. Our commitment is to support infrastructure projects worldwide, enabling the creation of sustainable roads and resilient structures that stand the test of time. Today, as we celebrate the achievements of the petrochemical sector, we also reaffirm our dedication to excellence, innovation, and promoting Iran’s global reputation as a leader in quality and reliability. Together, we are building a stronger, more sustainable future. Honoring National Petrochemical Industry Day! #AtraCrownEnergy #PetrochemicalIndustryDay #Innovation #Sustainability #IranianQuality

30,000 Tons of PVC and 9,000 Tons for Export: Egyptian Petrochemicals Company’s Plan for Growth and Sustainability Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, emphasized the strategic priority of the petrochemical industry due to its significant economic impact on Egypt, particularly through foreign currency revenues. He highlighted the petroleum sector’s robust infrastructure, which enables expansion in value-added industries and optimal utilization of Egypt’s natural resources. This statement was made during the general assembly of the Egyptian Petrochemicals Company to discuss the FY 2025/2026 budget, attended by Vice Prime Minister for Industrial Development and Minister of Transport and Industry, General Kamel El-Wazir, Minister of Electricity and Renewable Energy Dr. Mahmoud Esmat, Minister of Local Development Dr. Manal Awad, along with petroleum sector leaders and auditors from the Central Auditing Organization. Minister Badawi noted efforts to channel rich natural gas produced locally, particularly from the Western Desert and certain Mediterranean fields, into petrochemical production, aiming to maximize added value and avoid its inefficient local consumption. He also stressed the importance of running petrochemical plants at full capacity by ensuring sufficient feedstock supply. Engineer Ahmed Mawqe’, Chairman of the Egyptian Petrochemicals Company, highlighted key performance achievements. The company exceeded its production targets, producing over 30,000 tons of PVC and 55,000 tons of caustic soda during the first half of the fiscal year, meeting 100% of planned capacity. The company exported 9,000 tons of PVC and 20,000 tons of caustic soda, attracting global attention and fostering plans for nearby industrial investments. Future projects include the rehabilitation of seven PVC reactor units, upgrading the New Valley packaging plant in collaboration with Nile Petroleum and South Valley Holding, and implementing a 150% capacity expansion for caustic soda concentration units. Additionally, a 3D modeling system is planned to enhance operations. Minister Badawi praised the company’s innovative energy-saving measures, emission reductions, and adherence to global climate standards, ensuring the competitiveness of Egyptian petrochemical products in international markets. #EgyptPetrochemicals #PVCProduction #Sustainability #PetroleumToday #EnergyDevelopment

🌍 Oman’s Petroleum and Petrochemical Revolution: Driving Economic Growth and Innovation** 🚀 Oman is rapidly positioning itself as a leader in the petroleum and petrochemical sectors, leveraging its rich natural resources and strategic location to fuel economic growth and industrial development. 🔹 Petroleum Sector Transformation: With state-of-the-art exploration technologies and sustainable extraction methods, Oman’s petroleum industry continues to expand its global reach. Key players in the market are enhancing production efficiency while meeting international environmental standards. 🔹 Petrochemical Innovation: The petrochemical sector in Oman is thriving, with major investments in downstream industries. This revolution has allowed the country to diversify its economy, reduce dependence on crude exports, and create new opportunities for both local and international players. From refining to producing high-value products like plastics, Oman is becoming a critical hub for petrochemical production in the Gulf. 🔹 Why Oman? - Strategic Location: Positioned between Asia, Europe, and Africa, Oman offers easy access to key global markets. - Sustainable Practices: Oman is committed to adopting greener, more efficient technologies to ensure the future of its energy sector. - Government Support: Strong backing from the government ensures ongoing development and investment in this essential industry. The future of Oman’s petroleum and petrochemical sectors is bright, with innovative projects driving economic diversification and creating new global partnerships. 📊 As the world evolves, Oman continues to be at the forefront of petrochemical advancement and energy innovation. #OmanEnergy #PetroleumIndustry #Petrochemicals #EnergyInnovation #OmanEconomy #SustainableEnergy #DownstreamIndustry #MiddleEastEnergy #GlobalTrade #OmanPetrochemicals #OilAndGas #EconomicGrowth #StrategicInvestment #OmanBusiness

Saudi Arabia's petrochemical sector is gaining momentum through strategic investments aligned with Vision 2030—a topic I recently explored in an interview with Arab News. As the energy landscape transitions, the demand for oil as a fuel may begin to wane, yet the need for petrochemical-derived products such as plastics and synthetic fibers is on the rise. Saudi Arabia is keenly aware of this paradigm shift and recognizes that its abundant oil reserves could be underutilized if current demand trends persist. The petrochemical industry has become a linchpin in the Kingdom's industrial strategy, playing a crucial role in realizing Vision 2030. Leveraging its access to competitively priced energy and feedstock, Saudi Arabia is poised to expand its petrochemical operations, thereby cementing its status as a global powerhouse in the industry. This strategic move not only enhances its competitiveness but also ensures the valuable utilization of its vast oil reserves. https://lnkd.in/gx9aMtC7

Key Highlights: Arthur D. Little's Hector Casas underscores Saudi Arabia's petrochemical ability is slated to more than double in the next half decade—from 75 million tons to over 140 million tons annually. This amplification is part of the Kingdom's strategy to strengthen its footprint in the international petchem marketplace, leveraging cost advantages from competitive energy costs. Oliver Wyman's Nadim Haddad notes Saudi Arabia's movement towards procuring global petchem assets to reinforce its leadership in the sector. This aligns with the broader trend of international expansion, adding value to KSA's position as an industry pioneer. Amplification endeavors include not just basic petrochemicals but also high-specialty products, which add more worth to the oil molecule. The Kingdom is focusing on producing advanced materials to meet escalating demand in both emerging and established markets. The formation of SABIC in 1976 marked a turning point, leveraging natural gas resources to diversify into petrochemicals. SABIC's vertical integration strategy allows the manufacturing of a wide range of cost-competitive petchem products, contributing to KSA's leadership in the sector.

Oman’s first PDH plant to be launched in Salalah SALALAH: In a landmark move for Oman’s petrochemical industry, Al Baleed Petrochemical, in collaboration with Lummus USA, is set to launch the nation’s first Propane Dehydrogenation (PDH) plant in the Wilayat of Salalah. This project marks a major milestone in Oman’s industrial landscape, bringing advanced technology and a new wave of investment opportunities to the region. Propylene, a critical building block in chemical manufacturing, is central to expanding Oman’s downstream value chain. Read more: https://lnkd.in/dx7WtqyR Al Baleed Petrochemical OQ Lummus Corporation Ministry of Energy and Minerals Salalah freezone (SFZ) #PropaneDehydrogenationPlant #PDH #Oman #Petrochemicals #OmanBiz

Iran's global importance in petrochemical products is significant. The country has been rapidly expanding its petrochemical industry, with a projected growth of 13 million tons per year in propylene production by 2023. This growth is expected to make Iran a major player in the global petrochemical market, with the value of its petrochemical exports reaching $18 billion since March 2022, a $3 billion increase over the previous year. The industry is also expected to become a vital revenue stream for the country, with petrochemical exports making up nearly 33% of non-oil exports. Iran's petrochemical industry is strategically important due to its high added value in the country's oil industry value-chain. The industry is expected to continue growing, with a ten-year strategic outlook forecasting the initiation and completion of 35 new projects, increasing the total production capacity to 14 million tons annually. This growth is driven by the country's abundant feedstock, highly skilled human resources, and access to water resources and coasts. Iran's petrochemical industry is also expected to play a crucial role in the country's overall growth outlook, with the industry's development and policy considerations focusing on sustainable, economical, and safe energy, as well as domestic and international environmental protection legislation. The industry is seen as a key driver of industrialization and economic growth in the country, with a projected annual growth rate of up to 10% until 2030. Overall, Iran's petrochemical industry is poised to become a significant global player, with its growth and development expected to have a substantial impact on the country's economy and energy sector. Petrochemical Industries Design and Engineering Company (PIDEC) which is located in Shiraz, is a leading engineering company in the petrochemical industries. It was originally established in 1985 as a subsidiary of the National Petrochemical Company of Iran and later became a private company in 1994, under the holding of the Erection and Construction Company (ECC). PIDEC provides a wide range of services, including feasibility studies, project management, engineering, procurement, construction, and commissioning, for projects in oil, gas, and petrochemical industries. The company has a strong track record of executing over 70 projects and has developed expertise in various process technologies, including those for petrochemical products such as methanol, ammonia, urea, and others. PIDEC is also known for its research and development activities, which aim to improve process design and technology. #PIDEC #Petrochemical #Iran #Engineering

🌍 **Iran: A Global Powerhouse in Methanol Production** 🏭 Iran is not just a key player in the regional methanol industry but also one of the largest producers worldwide. Leveraging its rich natural gas resources and advanced petrochemical infrastructure, Iran has emerged as a crucial supplier in the global methanol market. 🔹 **Why Choose Iranian Methanol?** 1. **High Production Capacity**: Major companies like Zagros Petrochemical and Fanavaran Petrochemical contribute significantly to the global market with their high production capacities. 2. **Competitive Pricing**: Access to affordable natural gas allows Iranian producers to offer methanol at highly competitive prices. 3. **Extensive Exports**: A large portion of Iran's methanol production is exported to key markets across Asia, Europe, and beyond. 📈 **A Bright Future**: With ongoing expansions and new projects in the pipeline, the future of Iran’s methanol trade looks brighter than ever. What factors do you think could further boost Iran's success in this industry? Share your thoughts! 💬 Our team is ready to fulfill your methanol purchase requests from Iran with competitive pricing and reliable service. Whether you're looking for high-quality products , we've got you covered. Reach out to us today for more information! #Methanol #Iran #InternationalTrade #Petrochemicals #Exports