Official Highlights Need for Petchem Production Diversification

(Saturday, July 6, 2019) 16:38

TEHRAN (NIPNA) – The CEO of the Petrochemical Commercial Company said downstream industries in the petrochemical sector were one of the key pillars for the country’s development which required all-out support.

Speaking to NIPNA, Mehdi Sharifi Niknafs noted the necessity of completion of the industry’s value chain, adding the supply chain needed to be seriously developed in order to ensure progress in downstream industries.

“This would both bring about value added and generate jobs in the country,” he added, saying exports would also benefit from value chain completion.

Sharifi Niknafs said that if value chain becomes complete and methanol is converted into polymeric materials in downstream industries, a whole chain will be created.

For the expansion of downstream industries, “we need to create a coherent mechanism to ensure that all the petrochemical plants could benefit from based on their feedstock demand and production capacity,” he added.

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National Petrochemical Company