Petchem Industry at Forefront of Economic Warfare

(Wednesday, August 26, 2020) 11:01

TEHRAN (NIPNA) -- A member of the Energy Commission of the Tehran Chamber of Commerce, stating that the petrochemical industry can have a large share in the country's economy, said: "Today, Iran's petrochemical industry is at the forefront of the economic war."

Seyed Mohammad Hossein Shariatmadar, a member of the Energy Commission of the Tehran Chamber of Commerce, Industries and Mines, said that the petrochemical industry is on the path to development and progress, adding, "The prosperity of the petrochemical industry is undeniable, and given the efforts made in the Iranian petrochemical industry, this industry is now on the path to prosperity and development, and regarding its effective functions in the economy, the sector needs support.”

He added: "In recent years, with reliance on the capabilities Iranian experts and researchers, many achievements have been made in the field of petrochemicals, and as industry officials have stated, the third leap of the petrochemical industry is under way. Realization of this plan will increase the production capacity of petrochemical products annually.”

Shariatmadar emphasized that if the third leap in the petrochemical industry is accompanied by completion of the value chain as well as a boom in production in the middle and downstream industries, in addition to creating abundant employment, it will bring a lot of value added to the country.

“Downstream petrochemical industries can make a big contribution to the country's economy. Developing and strengthening this sector requires planning and investment, though,” he added.

Email is required
Characters left: 500
Comment is required