Latest Technical Knowhow Needed for Developing Petchem Sector: CEO

Latest Technical Knowhow Needed for Developing Petchem Sector: CEO
(Wednesday, April 11, 2018) 19:35

TEHRAN (NIPNA) -- The CEO of the National Petrochemical Company (NPC) says that the development of downstream petrochemical industries requires the use of world-class knowledge and technology.

Speaking to NIPNA, Reza Norouzzadeh said that progress often takes place in the upstream sector of the petrochemical industry while development of downstream industries has two advantages.

Firstly, production units can be built in cities and provide job for people in their motherlands, he added.

In the upstream industry, in order to access feedstock supplied for running the units, most of the plants are built near the Persian Gulf, which means people have to be displaced to be able to work in the facilities while in downstream industries, it is the items and products that are displaced not the people, he argued.

"Another advantage of downstream industries is the high value added of manufactured products compared to the upstream," the NPC CEO added.

The official attributed the main concern in downstream petrochemical industries to the lack of technical savvy, and said: "The reason for the lack of development of downstream petrochemical industries is technical knowhow. Therefore, "if we can establish relations with the owners of technologies, we will be able to access talents and the necessary facilities for the development of the industries."

Owners of knowledge provide us with the basic information and we must have the ability to design the details, he said.

Speaking of the role NPC plays in the industry, Norouzzadeh said, "NPC functions are a regulatory body that sets regulations in the industry and does not by itself invest in projects but provides incentives for the private sector to develop petrochemical projects."

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