Speaking to
NIPNA following inauguration of some downstream petrochemical projects in
Mahshahr, Reza Norouz-zadeh stressed the need for reducing sale of crude oil
and gas and stepping towards realization of the economy of resilience in the
country.
The units that
were launched on Monday are important as they complete the value chain which is
of crucial significance for Iran’s petrochemical sector
"Our
country is an importer of automotive parts, and there are many rubber and
plastic products in the automotive industry and other industries, which can be manufactured
domestically by such units to slowly render us needless of import of such items
preventing exit of the currency from the country and generating jobs,” he
noted.
Norouza-zadeh,
who is also deputy petroleum ministry for petrochemical affairs, further stressed
the necessity of developing downstream industries in order to ensure economic
and industrial development in the country.
Supplying the
needs of various industries of the country through upstream and downstream
petrochemical sectors could lead to reduced import in various industrial
sectors, he added.
Last week, Iran launched three downstream petrochemical projects in the southwestern city of Mahshahr, adding 146,000 tons per year to the country's petrochemical production capacity.
The projects were launched in a ceremony held with senior Iranian petrochemical and petroleum officials in attendance on Monday.
The units are built in 115,350 square meters of land belonging to Maroon Petrochemical Company and will produce 146,000 metric tons of, masterbatches and polymer and granule compounds from recycled shrink bags each year, and their products are used in construction, automotive, packaging, textile and home-hold industries.
The downstream projects will be launched in a ceremony slated for next week with Managing director of the National Petrochemical Company (NPC) Reza Norouzzadeh in attendance.
The facilities are constructed with an investment of IRR977b and $15,1m and generate 152 jobs.
Maroon Petrochemical Company is a supplier of various polymer products including HDPE, LDPE, LLDPE and PP with different grades.