Speaking to NIPNA, Adel Nejad Salim said his company, Iran's biggest petrochemical holding company, will inaugurate the projects by the end of the current Iranian calendar year to March 20 2018.
Once fully operational, the projects will add 26 million tons to the country's total petrochemical production capacity.
He further said PGPIC is in talks with foreign financiers for financing new projects in Iran.
"Iran is the safest destination for investment," he added.
Persian Gulf Petrochemical Industries Company (PGPIC) was established in January 2008 in line with the implementation of Article 44 of the Constitution on the basis of Authorization No. 161681 of transferring commission to transfer the shares of 15 petrochemical companies including Fajr, Mobin, Rahavaran Fonoon, Mahshahr non-industrial operations, Pazargad PIDMCO, NPC International and non-industrial operations, Petrochemical Industries Development Management (Petrochemical Commercial Co. (PCC) Bandar Imam, Shahid Tondgooyan, Bu Ali Sina, Nouri, Pars, Arvand, and Khuzestan.