Speaking to NIPNA, Rasoul Ashrafzadeh, director of planning at PGPIC, said over 70% of the holding’s projects are being carried out by relying on domestic capabilities in manufacturing industrial parts and items, saying the company has placed a ban on purchase of foreign-made items and required confirmation of experts for importing them.
“PGPIC has undergone massive investments in developing research and technologies within the Iranian borders,” he said.
The official said PGPIC is ranked 34th in the ICIS list of top petrochemical companies in the world with €10.5b in annual revenues in 2015.
He said plans are under way for bringing the company’s ranking to below 20th.