Projects under way to Transform Iran Petchem Industry

(Wednesday, August 26, 2020) 10:57

TEHRAN (NIPNA) -- Construction and completion of petrochemical development projects due to having high value added can lead to a major change in the Iranian petrochemical industry, an official with the National Petrochemical Company (NPC) said.

The director of projects at NPC, Ali Mohammad Bossaqzadeh, expressed satisfaction at the favorable trend of development of the petrochemical industry in the country, saying: “Completing the value chain in the petrochemical industry is an important strategy and in this regard, completion of new projects and development of downstream plans would be instrumental in completion of end-user items, hence enhanced value added generation.”

He added: "Iran's petrochemical industry, enjoying world-class knowhow and state-of-the-art technologies, while relying on its specialized and efficient experts and staff, is accelerating in the development path and according to the envisaged plans, in the coming years, Iran will become a major petrochemical power in the region and the world.”

A member of the board of directors of the National Petrochemical Company, emphasizing that “now we must work with empathy and cooperation to realize the plans,” said: “The policy of the Ministry of Petroleum and the National Petrochemical Company is to complete the production chain of petrochemical items and in this regard the cooperation of holdings and powerful Iranian companies will be effective.”

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