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67 Petchem Plants Operating in Iran

67 Petchem Plants Operating in Iran
(Wednesday, December 21, 2022) 18:28

TEHRAN (NIPNA) -- The director of projects at the National Petrochemical Company (NPC) said public relations play an important role in explaining the process of building petrochemical projects, especially in the difficult conditions of sanctions.

Ahmad Shokri stated on Monday (December 19) at the national meeting of public relations of the Iranian petrochemical industry that 101 projects with the required capital of $70 billion are currently underway in this industry in Iran, adding: “About 67 of these projects are already active, and in total, with the implementation of these 101 plans, 100 million tons will be added to the production capacity of this industry.”

He stated that some challenges of the petrochemical industry can be addressed by relying on the existing capacities of public relations, and added that providing financial resources, hard currency, land, feedstock, and goods and equipment are among the challenges of implementing petrochemical projects.

The NPC official continued: “In the current situation, the Persian Gulf Petrochemical Industries Company (PGPIC) has 22 projects with a total investment of $16 billion in hand, seven of which have progressed more than 50%.”

Shokri stated the number of projects currently being implemented by the Ahdaf Investment Company as 13 petrochemical projects with a total investment of $7 billion, and said: “This company has made favorable investments in the western regions of the country, out of the $3 billion of the project defined in the western part of the country, $2 billion of projects have been bankrolled by this company.”

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