The Iranian government has come to the conclusion that in addition to exporting hydrocarbons, particularly Natural Gas to neighboring states for domestic and industrial consumption, there is significant economic advantage associated with the development of major, locally based, downstream Petrochemical industries using inexpensive, readily available Natural Gas, as a feed stock, which Iran has in abundance.

Asian International and IGL Oil and Gas Consultants of Norway (now Pöyry ) were jointly contracted by National Iranian Petrochemical Company (NPC) to perform a Feasibility Study of twelve (12) of NPC’s listed products.

The aim of each study is to perform the following:

• Market Analysis - establish historical and future demand trends for the product.
• Technological Analysis - establish available production technologies, associated major equipment items and typical CAPEX and OPEX costs.
• Financial Analysis - establish Payback Period, Net Present Value, and Internal Rate of Return and also consider project sensitivity to product and raw material costs.
• Overall Technical and Economic Analysis.