The agreement, signed on Saturday by Hassan Abbaszadeh, CEO of NPC,
and Matin Didari, CEO of Zagros Petrochemical, is the first step in
implementing the energy-saving initiative launched last month between the National
Iranian Gas Company and NPC.
Petrochemical Sector's Role in Promoting Energy Efficiency
The initiative seeks to involve petrochemical companies in funding and
supporting non-governmental organizations (NGOs) and investors to promote
energy efficiency during the colder months. The effort is aimed at fostering a
culture of responsible energy use and modifying consumption patterns across the
country.
Under the agreement, 400 billion rials (approximately $9.5 million) in
rewards will be distributed to consumers who reduce their gas and electricity
usage by 10%. Petrochemical companies will provide the necessary financial
resources for this incentive program. In return, the gas saved through these
efforts will be redirected to support the sustainable production of high-value
petrochemical products.
This collaboration underscores the critical role of Iran’s
petrochemical sector in addressing energy challenges while ensuring industrial
growth and sustainability.