Mohammadreza Fahmideh Vahdat, the company’s
business manager, told a panel on the sidelines of the IranPlast exhibition that
FEL is widely used by global investment consultancies to evaluate projects in
early stages, before full feasibility studies.
“FEL can test whether a project is bankable by
examining four core dimensions: feedstock security, target markets, financing and
access to technology,” he said. Stable feedstock supply, he added, was a
critical first step given Iran’s challenges with ethane shortages in coming
years.
He explained that projects are classified into
three traffic-light categories: green for viable investments, yellow for
higher-risk projects that may proceed with adjustments, and red for projects
that should be rejected at the outset.
“The greatest value of a project lies in its
definition stage. A poorly defined project, even if executed well, may fail to
deliver meaningful value-added,” Fahmideh said. “FEL is designed to untangle
complexities and give investors a transparent roadmap.”
He noted that in commodity markets, uncertainty
over product sales can undermine investment decisions. FEL, he added, allows
companies to map projects into the value chain, ensuring products can be
marketed or integrated rather than stranded.