Mohammadreza Moteiri told state media that dialogue between producers,
consumers, and industry associations with the National Petrochemical Company (NPC)
could foster greater convergence and support the development of what he called
a “strategic sector.”
He said around 30% of Iran’s petrochemical capacity remains idle due to
feedstock shortages, but capturing and using flare gas could help supply plants,
particularly in the Mahshahr zone in southwestern Iran.
Moteiri described the 19th edition of IranPlast as the industry’s largest
event, offering a platform to showcase domestic companies’ capabilities and
connect directly with foreign firms and delegations. He added that growing
global demand for petrochemical products made this year’s exhibition a timely
springboard for new exports and investment.
The zone is currently pursuing nearly 50 projects across upstream and
midstream operations, including large-scale ventures such as the Almas, Salman
Farsi, and Hirsapolymer Sahand complexes, alongside environmental projects. A
planned second development phase is designed to expand land availability,
extend the value chain, and draw an estimated $30 billion in new investment, he
said.
Moteiri underlined that the project could secure feedstock for aromatics
plants, create substantial long-term jobs, and strengthen Iran’s global
standing in the petrochemical industry.