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Petchem Industry Development Strategy to Realize Production Leap

Petchem Industry Development Strategy to Realize Production Leap
(Saturday, April 18, 2020) 23:16

TEHRAN (NIPNA) -- A member of the industry and mine committee of Tehran Chamber of Commerce said that the development of the petrochemical industry would be strategic in realization of the production leap in the country.

Speaking to NIPNA, Mohammad Reza Zohrehvandi said Iran's petrochemical industry could tap its potentialities in line with production leap to set the country’s economy and industrial sector in motion.

Zohrehvandi said preventing sale of crude oil and gas and enhancing production of petrochemicals were one of the ways to tackle the impact of sanctions.

He said Iran’s petrochemical output was projected to grow by 70% by 2021 which would undoubtedly make the sector the pulse of development in the country.

The petrochemical industry, given its role in non-oil exports and production of value-added polymer and chemical items, does play an indispensable role in the country’s economy.

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