Iran eyes overseas expansion in petrochemical complexes
by ChemOrbis Editorial Team - content@chemorbis.com
As stated in Iranian media, the National Petrochemical Company (NPC) aims to build new petrochemical complexes overseas, specifically in its neighboring countries, according to a statement from Morteza Shahmirzaei, Director of NPC.
Shahmirzaei said that the main goal of the company is to collaborate with nearby countries to “increase production and reduce inflation.” He added that Iran targets to advance petrochemical market by sharing the country’s expertise in the segment with its adjacent countries.
He emphasized the importance of the local companies in Iran’s petrochemical strength, adding that at most 90 percent and at least 40 percent of petrochemical projects use locally produced equipment.
“The government’s strategy in the field of production is to make maximum use of the installed capacity in the petrochemical industry by using the knowledge and capabilities of domestic manufacturers,” said Shahmirzaei.
Iran currently has more than 100 petrochemical projects underway, with a total investment of about $70 billion.
Shahmirzaei said that the main goal of the company is to collaborate with nearby countries to “increase production and reduce inflation.” He added that Iran targets to advance petrochemical market by sharing the country’s expertise in the segment with its adjacent countries.
He emphasized the importance of the local companies in Iran’s petrochemical strength, adding that at most 90 percent and at least 40 percent of petrochemical projects use locally produced equipment.
“The government’s strategy in the field of production is to make maximum use of the installed capacity in the petrochemical industry by using the knowledge and capabilities of domestic manufacturers,” said Shahmirzaei.
Iran currently has more than 100 petrochemical projects underway, with a total investment of about $70 billion.
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