“This exhibition is not merely an economic event,
but a mirror of Iran’s capacities, concerns and position in the regional and
global petrochemical industry,” CEO Mohammad Shariatmadari said at the opening
ceremony of the 19th IranPlast International Exhibition.
He said PGPIC was pursuing multiple expansion
projects aimed at completing the petrochemical value chain, moving away from
raw material sales and boosting production of high value-added products. He
added that supporting startups, knowledge-based companies and international
partnerships with universities could further strengthen the sector’s long-term
prospects.
Shariatmadari warned of challenges including
product smuggling, falling global prices, oversupply from new international
production units and rising competition from bio-based and environmentally
driven alternatives. He said industry foresight and future-oriented strategies
would be critical.
“Our mission is not only to sell products but to
guide the future of Iran’s petrochemical industry,” he said, citing the
company’s corporate venture capital center, which has backed more than 100
innovative projects led by young Iranian talents.
Shariatmadari said Iran’s hydrocarbon reserves,
geopolitical location and domestic expertise provided a strong foundation for
growth. He described IranPlast as both a symbol of unity within the industry
and a launchpad for expanded cooperation at home and abroad.