IranPlast Highlights Need for Support of Downstream, Knowledge-Based Petchem Firms

IranPlast Highlights Need for Support of Downstream, Knowledge-Based Petchem Firms
(Saturday, September 13, 2025) 09:57

TEHRAN, Sept 11 (NIPNA) – Iran’s National Petrochemical Company (NPC) called for targeted support for knowledge-based and downstream companies to strengthen the country’s petrochemical value chain, citing the 19th IranPlast exhibition as a showcase of industry potential.

 

Ghodratollah Nasiri, director of research, technology, and local production at NPC, said over 700 domestic companies participated in this year’s event, underscoring Iran’s industrial capacity. “If support and special facilities for smaller firms are increased, the number of active players could multiply within three to four years,” he told NIPNA.

Nasiri highlighted that many small and university-led startups struggle to secure raw materials and compete in commodity exchanges. “Providing limited allocations to help them grow to a commercial ceiling can quickly transform them into major industry players,” he said, stressing that such support should be phased out once companies are self-sustaining.

The NPC has developed a roadmap to operationalize the development of downstream industries, aligned with Iran’s Seventh Development Plan. Nasiri emphasized the importance of fostering local technology and innovation to boost domestic growth, expand regional market presence, and generate employment.

He said IranPlast demonstrated the potential of small, creative firms to introduce new ideas, which, if properly supported, can be converted into commercially viable products. “IranPlast is not just an exhibition; it is a platform for launching innovative companies into domestic and international markets,” Nasiri said, adding that smart support of startups and strengthening the domestic value chain is key to securing a bright future for Iran’s petrochemical sector.

 


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