Hassan Neshanzadeh Moghadam, PGPIC’s director of planning and business
development, said on Sunday that PGPIC’s strategy under the new leadership is
to reach Germany’s BASF, which is achievable due to the existence of huge feedstock
resources and knowledge-based companies in Iran.
Pointing out that Iranian knowledge-based companies are more than a
century away from large European companies, he noted that each of them is,
nevertheless, competitive in their field.
“Today, some of the top active knowledge-based companies in the petrochemical
field are appreciated; companies whose products can be said to be comparable
with the products of European companies,” he said.
The PGPIC official further said that the installed capacity of the holding
is currently 28 million tons per year, which will reach 33 million tons once three
new projects come online in the near future.
He also added that the company’s capacity was planned to reach 46
million tons per year by 2026.
Neshanzadeh Moghadam stated that 75% of petrochemical industry
equipment is already localized, and stated: “We hope to improve this amount by
5% and reach 80% in one year. Currently, the use of domestic construction
equipment in the two projects of Gachsaran and Yadavaran is more than 80%.”