MOSCOW (MRC) -- Iran plans to triple its installed capacity of petrochemicals in the next ten years, Iran's National Petrochemical Company (NPC) Managing director Marziyeh Shahdaie announced in a press conference in Tehran on Wednesday (2 Nov 2016), reported GV.
She also put the current nominal petrochemical output of the country at 64 million tons and the operating output at 46 million tons.
Explaining that the petrochemical industry is a sector requiring high technology and investment to be developed, the official noted, "To expand this industry we need acquiring foreign technology and also attracting foreign investment; therefore, our relations with other countries play significant role in promotion of our petrochemical sector."
Highlighting Iran’s huge potential for development of petrochemical industry Shahdaie said, "The foreigners I met in K-Plastics & Rubber Exhibition, recently held in Dusseldorf of Germany, believed that considering its high potential Iran can be a petrochemical hub in the region."
The NPC official mentioned some of these potentials and advantages as access to the free waters, existence of expert manpower and production of a wide range of petrochemical products, the feature that other petrochemical producers in the region lack, because they do not have both rich oil and gas reserves as Iran enjoys for producing so many petrochemical products.
She said the current policy of the government for the petrochemical sector is development and growth through attracting foreign direct investment (FDI).
As MRC informed before, Iran is planning to develop Mahshahr Petrochemical Special Economic Zone (PETZONE). Addressing a ceremony held to farewell Mahshahr PETZONE’s managing director and welcoming his replacement, Marziyeh Shahdaei, deputy petroleum minister in petrochemical affairs, said Mahshahr PETZONE has been designed in two phases and its second phase is planned to be developed. The project will be carried out by National Petrochemical Company (NPC) as a state body responsible for providing the infrastructure needed for development of the petrochemical sector, she said. She further added that studies are underway for preparation of the second phase of the zone that will be home to petrochemical plants aimed at completing the value chain in the region.
MRC