Iran Eyes Stronger Petchem Innovation Through Support for Knowledge-Based Firms

Iran Eyes Stronger Petchem Innovation Through Support for Knowledge-Based Firms
(Sunday, October 12, 2025) 14:30

TEHRAN, Oct 11 (NIPNA) – Iran’s petrochemical industry has the potential to fully meet domestic demand and capture a larger share of regional and global markets — provided that innovation-driven, knowledge-based companies receive targeted support, a senior official said on Saturday.


Ghodratollah Nasiri, Director of Research, Technology and Domestic Manufacturing at the National Petrochemical Company (NPC), told state media that the future of the sector depends on “smart support for knowledge-based firms, the development of local technologies, and the creation of a sustainable industrial chain.”

“When we speak with small, knowledge-based enterprises, their main challenge is access to raw materials,” Nasiri said. “A supportive approach toward smaller firms must become institutionalised if we want to ensure steady growth across the petrochemical value chain.”

He said NPC has already designed a roadmap for developing downstream industries, which should now enter the implementation stage. “According to the Seventh Development Plan, expanding downstream activities is one of our core responsibilities, and this cannot be achieved without technological advancement and localisation,” he said.

Nasiri added that fostering homegrown innovation could help Iranian companies expand their footprint in regional markets. “If we encourage young innovators and start-ups, provide them with facilities, and leverage mechanisms such as the Innovation and Prosperity Fund, we can quickly strengthen our regional market presence. This approach also creates significant employment opportunities,” he said.

Outlining NPC’s broader mandate, Nasiri said its mission is focused on three priorities: ensuring the presence of Iranian companies in international markets, selecting and adapting appropriate technologies to sustain large petrochemical firms globally, and generating jobs for young professionals.

“To achieve these goals, closer cooperation among government, industry and innovation-support funds is essential,” he said.

Nasiri emphasised that the petrochemical industry today goes far beyond raw production. “Competitiveness in global markets requires technological innovation, product diversification and stronger downstream engagement — areas where knowledge-based firms can play a decisive role. Our duty is to create the conditions for their voices to be heard,” he said.

 


Email is required
Characters left: 500
Comment is required