1st Conference on Petchem Development, Future Outlook Held

1st Conference on Petchem Development, Future Outlook Held
(Saturday, March 9, 2024) 12:38

TEHRAN (NIPNA) - The inaugural conference on development and future outlook in the petrochemical industry was held at Imam Sadiq University with the presence of the Deputy Minister of Petroleum for Petrochemical Affairs, CEOs of petrochemical companies, and representatives of active holdings in the country's petrochemical industries.

The conference, which took place today (Thursday, March 7), was attended by Morteza Shahmirzai, the Deputy Minister of Petroleum and CEO of the National Petrochemical Company, CEOs of petrochemical companies, and representatives of active holdings in the country's petrochemical industries at the Faculty of Economics of Imam Sadiq University.

Mohammad Reza Farajollahi, CEO of Marjan Petrochemical Company, stated during the conference that part of future development relies on reflecting on the past and present. He noted that Marjan Petrochemical Company, a producer of methanol with an annual production capacity of 1.65 million tons of various products, emphasizes the country's advantage in energy and the need to capitalize on it for the future of the petrochemical industry.

"Our primary investment should focus on feedstock," he added.

Ali Zolfi, Deputy for Strategic Planning and Investment of the Tamin Petroleum & Petrochemical Investment Co. (TAPPICO), further elaborated that products with high volume and low complexity have been developed in the petrochemical industries. He highlighted that TAPPICO Holding has introduced several intermediary products, and projects are underway. Zolfi also mentioned two projects in health, safety, and environmental (HSE) areas.

Continuing the discussion, Hossein Hashemi, CEO of Dana Petrochemical Company, emphasized the importance of future outlook in the petrochemical industry. "Drawing a suitable perspective for the future of this industry is crucial," he said, adding that the private sector plays a significant role in economic activity, with a considerable share of the petrochemical industry now owned by pension funds and the private sector.

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