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NPC Eyes Completion Petchem Value Chain in 5 Years

NPC Eyes Completion Petchem Value Chain in 5 Years
(Saturday, June 18, 2022) 09:54

TEHRAN (NIPNA) – The CEO of the National Petrochemical Company (NPC) said plans are underway to ensure completion of the petrochemical value chain in the country by the next 5 years.

Announcing the export of Iranian catalysts to Russia, Morteza Shahmirzaei said: "God willing, we will celebrate the national completion of the petrochemical industry cycle in the next five years."

Speaking on Tuesday afternoon at a ceremony honoring and introducing the director of the Research Institute of Petroleum Industry (RIPI) at the headquarters of the Ministry of Petroleum, Shahmirzaei described the RIPI as a comprehensive scientific complex for upstream and downstream oil industry, and said: “RIPI is expected to pay more and more attention to the development of the oil industry.”

He announced the installed capacity of the petrochemical industry as 90 million tons per year, and stressed the need to complete the chain of products in this industry.

"Given the undergone studies, the focus on completing the value chain is on the agenda of developing the petrochemical industry to move towards self-sufficiency,” he said.

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