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Localization of Iran's Petchem Industry Feasible: CEO

Localization of Iran's Petchem Industry Feasible: CEO
(Sunday, June 12, 2022) 23:07

TEHRAN (NIPNA) -- The CEO of the National Petrochemical Company, referring to the prospects set to reduce the dependence of the petrochemical industry abroad, said: "The localization of this industry is undoubtedly achievable in the coming years."

According to Petrochemical Special Economic Zone Organization, Morteza Shahmirzaei said on Tuesday night at the 93rd meeting of the Strategic Council of Petrochemical Companies based in the Petrochemical Special Economic Zone: “The annual production capacity of this industry was 3 million tons before the revolution and has reached 90 million tons today.”

He pointed out that with the localization of the petrochemical industry, in addition to increasing the production of complexes, the possibility of implementing value chain projects will accelerate, adding: "Localization of this industry will lead to economic growth and sustainable job opportunities in the country."

The CEO of the National Petrochemical Company continued: "Relying on internal knowledge, it is possible to design the required parts, as well as their installation and commissioning by Iranian specialists, and this vision must be realized in the next three or four years."

In another part of the meeting, Shahmirzai, referring to the need to reform the land management plan of Khuzestan province, said: "This plan needs to be reviewed by experts to enable the sustainable development of the petrochemical industry."

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