Speaking on the sidelines of the 13th Iran Petrochemical Forum (IPF) in Tehran, Amir Hossein Zamani-nia, deputy petroleum minister in international affairs and trading, said very good and thorough talks have been held with the German company and provided that conditions are suitable, it is ready to directly invest in Iran's petrochemical industry.
He said investment, technology transfer and facilitation of negotiation processes with the National Petrochemical Company (NPC) and other Iranian petrochemical companies are the chief highlights of talks with the Linde Group.
The NPC held the forum at IRIB Int'l Conference Center in Tehran, Iran.
The petrochemical industry is becoming more and more an indispensable and an integral part of human progress and growth. The industry, however, is facing a number of pressing issues and challenges.
IPF-2017 focused on some of these challenges and needs including sustainable use of hydrocarbon resources, shortage of feedstock especially natural gas, competitive solutions and state-of-the-art technologies to maximize returns and to diversify and enrich value chain.
The two-day forum also discussed the advantages and potentials of developing Iran’s petrochemical industry, exploring ways and means of expanding the industry’s mid- and down-stream sectors via joint venture alliances and attraction of international finances, utilizing domestic and international capabilities for developing and transferring advanced technologies, completing value chains, increasing value-added and developing new hubs with the aim of reaching an annual output capacity of 120 million tons by 2020 and 180 million tons by 2025.