Mohammad Hassan Peyvandi, addressing the 6th Iran
Petroleum and Energy Congress (IPEC), stressed the extensive developments in
the global energy field, underlining the importance of propylene production in Iran.
He said: "Methanol is produced from natural gas and
then converting it into propylene, which is mostly consumed domestically; it is
hoped that production of propylene will increase due to the vast gas reserves
in the country and the presence of abundant methanol.”
Peyvandi stated that creating the necessary infrastructure
to convert methanol to propylene provides new opportunities to achieve the goals
of the petrochemical industry and ensure development of mid- and downstream industries,
employment and attracting investment.
He continued: "Different countries in the world will
continue to need gas by 2050, especially in the industrial sector, but it
should be borne in mind that the development of renewable energies is expanding
rapidly and estimates show that in the years 2040 to 2050, the trend of using
new and renewable energies will face a leap.”
"Despite having vast oil and gas reserves, we must be
active in the development of renewable energies," said Peyvandi. "In
some parts of Iran, we have sun during 70 to 90 percent of a day, and we must
maximize investments in this regard."