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Iran Commences Construction of 13 Chemical Parks Across Key Provinces

Iran Commences Construction of 13 Chemical Parks Across Key Provinces
(Wednesday, October 18, 2023) 15:05

TEHRAN (NIPNA) - Iran has officially launched the construction of 13 chemical parks across its strategic provinces of Khuzestan, Bushehr, Hormozgan, and Sistan and Baluchestan, according to the Deputy Minister of Petroleum and the CEO of the National Petrochemical Company.

In a press conference held on Tuesday, Morteza Shahmirzaei, emphasizing the government's commitment to establishing polymer and petrochemical units in various cities and provinces across the country to enhance value-added production and boost employment, stated, "The government supports the creation of small-scale polymer and petrochemical units in all cities and provinces to stimulate economic growth."

Shahmirzaei highlighted the synergies between the automotive and petrochemical industries, noting that these sectors have experienced growth in tandem in recent years. He also stressed the need to leverage the potential of the country's young talents and knowledge-based companies to expedite the implementation of the national localization and domestic production strategy.

Referring to the effective presence of automakers in the 17th Iran Plast International Exhibition, Shahmirzaei noted, "The government's policies, including support for partially operational units and those operating below their capacity, aim to prevent significant price hikes in petrochemical products."

The Deputy Minister of Petroleum announced the initiation of the construction of 13 chemical parks, emphasizing the importance of extending these projects to less privileged regions in the provinces of Khuzestan, Bushehr, Hormozgan, and Sistan and Baluchestan. He further underlined the need for these polymer and petrochemical units to create value, boost production, and promote economic growth and job creation in all cities and provinces.

Shahmirzaei also touched on the successful sale of 28 trillion rials (credit facilities) in the first five months of this calendar year, expressing optimism about collaborative efforts to curb profiteering and intermediation in the sector.

Furthermore, he highlighted Iran's export of 1,500 tons of catalyst products in the past year and emphasized the government's commitment to achieving self-sufficiency and local production of necessary catalysts by the end of its term.

The inaugural one-day conference on polymer manufacturing, equipment, and technology was hosted by the Petrochemical Research Institute, with the Industry Employers Association of Polymer Manufacturers and Equipment Producers serving as co-organizers.

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