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Iran Focused on High-Value Petchem Output, Domestic Needs, Export Boost

Iran Focused on High-Value Petchem Output, Domestic Needs, Export Boost
(Sunday, December 31, 2023) 14:49

TEHRAN (NIPNA) -- Morteza Shahmirzayi, the Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC), unveiled the primary strategies of Iran's petrochemical industry in the 13th government term, emphasizing the production of high-value end-products, meeting domestic market demands, and fortifying export capabilities.

During the inauguration ceremony of the operational implementation of the Torbat -Heidarieh Petrochemical Plan, coinciding with Petrochemical Industry Day, Shahmirzayi highlighted the significance of completing the value chain and generating added value, strengthening the nation's economic resilience. He emphasized the ministry's concentration in the thirteenth government term, emphasizing the production of high-value end-products, securing domestic market needs, and bolstering export initiatives.

The Deputy Petroleum Minister pointed out that upon the Torbat-Heidarieh Petrochemical Plan's operation, it would cater to the needed polystyrene demand of the eastern and northern neighbors. He added that the Torbat -Heidarieh Petrochemical Plan had been designed by the province's elites and coined its resulting product as an "all-purpose plastic."

Shahmirzayi highlighted one of the plan's features, its environmental friendliness coupled with low water and gas consumption, defining it as a pioneering initiative.

Regarding the commencement of the operational phase of the Polystyrene Plan in Torbat -Heidarieh, Shahmirzayi remarked that it marked a significant stride within the Khorasan province. He outlined that following the plan's launch, two other crucial products would be developed to complete the production chain.

Prior to this ceremony, Morteza Shahmirzayi, the Deputy Petroleum Minister and NPC CEO, paid respects to the esteemed martyrs of the Iran-Iraq War by visiting the graves of the anonymous martyrs of the defense period.

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