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70% Share of Domestic Production in Hegmataneh Petchem Plant

70% Share of Domestic Production in Hegmataneh Petchem Plant
(Thursday, December 24, 2020) 23:01

TEHRAN (NIPNA) -- The CEO of Hegmataneh Petrochemical Company said that domestic manufacturers enjoyed 70% share in the supply of items and equipment for construction of the plant.

The unit was launched officially by Iranian President Hassan Rouhani via videoconference on Thursday.

With the opening of the plant, over 250 people will be directly employed and 2,000 people indirectly.

Nasser Shamkhani, during the official inauguration ceremony of Hegmataneh Petrochemical Company, said: “Hegmataneh Petrochemical Plant has been built to produce standard medical grade PVC for the first time in Iran and the region.”

He continued: "Hegmataneh Medical Plant came online with 38 million Euros of investment and with the participation of private and public sectors and foreign shareholders.”

The plant is aimed out production of 45,000 tons of PVC in the form of granular powder with standard medical grade.

The CEO of Hegmataneh Petrochemical Company stated the share of domestic manufacture of equipment and machinery for production of this important and strategic item is more than 70%, and the plant’s launch and management has been with specialized and capable Iranian forces.

Shamkhani said: "The market for medical grade polymers was worth more than $23 billion in 2019 and is projected to grow by 5.9 percent by 2025.”

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