Fozieh Morovvat, Director of Strategy and Product Development
Infrastructure at PGPIC, announced the policy during a gathering of researchers
and technology experts from Iran’s petrochemical industry. She said the move
aligns with the holding’s five-pillar innovation strategy, which includes
collaboration, business development, investment, sustainability, and key
resources.
“PGPIC has studied macro-trends in both product and process
innovation,” Morovvat said. “With the launch of a non-governmental venture
capital research and technology fund under the holding, all petrochemical
subsidiaries are now obligated to contribute to R&D initiatives through
this platform.”
Morovvat emphasized the importance of regulatory alignment,
localization of technical expertise, value chain enhancement, and
infrastructure development as core pillars of the company’s innovation roadmap.
At the same event, Gholamreza Jamshidi, CEO of Nouri Petrochemical
Company—one of PGPIC’s subsidiaries—praised the growing role of research and
technology in advancing the industry. He said Nouri has emerged as a leader
among Iranian petrochemical companies in meeting R&D targets.
Jamshidi also noted international recognition of the company’s
efforts, highlighting a recent achievement where a Nouri Petrochemical
researcher’s paper was selected as a top article at the PetroChem Canada
conference.
“We must enhance our presence on international platforms,” he said,
stressing the need for a stronger global scientific and technological
footprint.