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NPC, Key in Development of Petchem Industry

NPC, Key in Development of Petchem Industry
(Tuesday, December 29, 2020) 22:24

TEHRAN (NIPNA) -- The head of the Energy Committee of the Tehran Chamber of Commerce said the National Petrochemical Company (NPC) is the best base for the infrastructural development of the petrochemical industry.

Reza Padidar, in an interview with NIPNA on the occasion of the Petrochemical Day, said materialization of the second and third leaps of the petrochemical industry depend on a deeper look at the private sector.

The NPC has defined several major petrochemical projects which are expected to bring about Iran’s second and third leaps in the industry by 2026.

According to Mr. Padidar, NPC is the best center for the infrastructural development of other industries. “The better this infrastructure works, the more other industries will grow.”

"The petrochemical industry did its best, especially during the sanctions period," Padidar said. “On the other hand, let's not forget that we are a little behind the competitors in this industry in the modern world.”

He said the private sector needed to be trusted for development of projects more than before in order to ensure realization of the second and third leaps of the sector.

“If the industry is meant to grow faster, the dependence of the sector on the government needs to be minimized,” Mr. Padidar further stressed.

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