Kaveh, Phase III of Pardis and Bushehr petrochemical projects will
come online by the end of the current calendar year, said Mr. Zangeneh addressing
the opening ceremony of IranPlast Exhibition here in Tehran on Sunday.
Once operational, the projects will add 5.5 million tons to the country's
annual petrochemical production capacity.
Iran launched several petrochemical projects last year which included
Lorestan, Urmia, Mahabad, Karoon, Kurdistan, Morvarid, Kavian, Entekhab and
Takht Jamshid projects, the official said.
Iran also launched three polyethylene facilities during the year with
1 million ton/year of production capacity.
"We must exploit the presence of foreign investors in order to
boost value of productions, access state-of-the-art technologies and generation
of value-added, while refraining from production of low-value items,"
Zangeneh said.
The biggest polymer and plastic
industries' showcase in Iran, IranPlast 2017, officially began on Sunday.
First Vice-President Eshaq Jahangiri, Iranian Minister of Petroleum
Bijan Zangeneh and Managing Director of National Petrochemical Company (NPC)
Marziyeh Shahdaei attended the exhibition's opening ceremony in Tehran.
The fair will run through September 27.
The 11th edition of the event is mounted with as many as 1,124
companies from 24 countries in the Iranian capital, Iran.
The fair is organized in the four sections of raw materials, end-used
items, semi constructed items, machinery and services.
The exhibitors come from countries like Belgium, Denmark, Germany,
Finland, France, Greece, India, Serbia, Italy, South Korea, Austria,
Luxembourg, Switzerland, Spain, United Kingdom, Thailand, Czech, Cyprus,
Turkey, Taiwan, China, Japan and the United Arab Emirates.