Iran Eyes 1st Place in Regional Petchem Industry

(Wednesday, August 26, 2020) 10:59

TEHRAN (NIPNA) – The CEO of the National Petrochemical Company (NPC) said plans were under way to bring Iran to the region’s first place in the petrochemical industry.

Behzad Mohammadi stated that once the third leap in the Iranian petrochemical industry comes to fruition, the country would enjoy the region’s first rank in the industry.

Mohammadi, who is also deputy petroleum minister for petrochemical affairs, said 34 plans were to be launched by 2025 as the third leap of the industry which, besides enhancing the production capacity of the industry, bring about a resilient sector for the country’s economy.

He also considers propulsion projects to be the key to the development of the petrochemical industry, and said: "Construction of propulsion and combined feedstock projects is likely be activated under the current administration, but the process of their completion will continue in the next administration."

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