Addressing the 13th Iran Petrochemical Forum (IPF-2017) here in Tehran, the official said most investments in the industry are channeled towards methanol and polyolefin production units which need ethane as feedstock, therefore, PGPIC is planning to become a major supplier of the item by diversifying its output.
He said his company managed to sell $8b of petrochemical last year while exporting some $4b.
The CEO also introduced his company saying it has climbed 40 steps in global rankings in the list of top petrochemical companies in 2016.
PGPIC is one of the leading companies in Iran’s stock market given the value added its activities generate and sustainable development of its subsidiaries, he added.
Nejas Salim further said the holding company is in talks with foreign firms for establishing joint ventures.
The company can currently supply 24 million tons/year of products which will reach 40mt/y once the projects it has at hand become operational, he added.