Petchem Optimization Seen Boosting Iran Global Competitiveness

Petchem Optimization Seen Boosting Iran Global Competitiveness
(Monday, June 22, 2026) 17:11

TEHRAN, June 22 (NIPNA) – Optimizing the petrochemical production chain to increase value-added output and expand downstream manufacturing is a key strategy for enhancing Iran’s competitiveness in international markets, a member of the Iranian Parliament’s Energy Commission said.

Gholamreza Dehghan Naserabadi stated that directing domestic liquidity toward industrial investment and energy-sector reconstruction could support production growth and strengthen long-term economic development.

Speaking to NIPNA, Dehghan Naserabadi said government-backed financial incentives, insurance mechanisms, and investment facilities could encourage both institutional and private capital to participate in industrial projects. He added that such measures would help channel funds away from non-productive markets and into sectors that generate sustainable economic value.

The lawmaker emphasized that reconstruction efforts in the oil, gas, and petrochemical sectors should extend beyond the repair of existing facilities and incorporate renewable energy solutions. He highlighted the potential role of solar and wind power projects in improving energy efficiency and supporting the long-term sustainability of Iran’s energy infrastructure.

According to Dehghan Naserabadi, improving efficiency across the petrochemical value chain, reducing production losses, increasing value-added output, and expanding knowledge-based products are important factors in strengthening the sector’s market position.

He also stressed parliamentary support for National Petrochemical Company in its policy and regulatory role within the petrochemical industry. Enhancing production processes, particularly in polymer manufacturing and advanced petrochemical products, could reduce dependence on imported strategic raw materials while creating new opportunities in higher-value specialty chemicals, he said.

The Energy Commission member further noted that integrating renewable energy projects near refineries and petrochemical complexes, expanding wind-power utilization in suitable regions, and recovering waste heat from industrial processes could significantly reduce fossil-fuel consumption and improve overall energy efficiency.

He said such measures would support a more resilient energy economy while advancing cleaner industrial production and alignment with evolving international sustainability standards.

 


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