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US companies willing to invest in Iran’s petchem sector

by ChemOrbis Editorial Team -
  • 29/02/2016 (11:25)
According to media reports, the Managing Director of the National Petrochemical Company (NPC), Marzieh Shah-Daei, reported that some American companies are ready to assist in building petrochemical plants in Iran. A number of European countries, including Germany, Spain and the UK have reported their willingness to cooperate in petrochemical projects with Iran following the removal of sanctions.

The director of production control of NPC also commented that in line with the country’s Sixth Five-Year Development Plan for the period through 2016-2021, Iran is planning to support holdings and the private sector in order to expand the country’s petrochemical industry. He also added that in the near term, Iran is targeting to produce petrochemical products which are currently being imported.
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