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Bandar Imam Novin Requires National Petchem Support

Bandar Imam Novin Requires National Petchem Support
(Tuesday, January 16, 2024) 17:07

TEHRAN (NIPNA) -- Bandar Imam Petrochemical Company (BIPC)'s CEO stated that the petrochemical sector needs support from the National Petrochemical Company (NPC) for modernization.

The Bandar Imam Novin project forms the basis for the company's future, aiming to increase capacity by three million tons and introduce nine new products over the next 50 years, expanding the complex's product portfolio to 40 items.

According to NIPNA, Sepahdar Ansarinik, in an event commemorating the 50th anniversary of Bandar Imam Petrochemical Company, highlighted the company's production and sales performance over the years, particularly during the imposed war.

He noted that Bandar Imam Petrochemical has generated $45 billion in sales and contributed $22 billion in hard currency earnings to the country's economy during its 50-year history.

Ansarinik continued, stating that the company has spent $21 billion on national projects to develop the petrochemical industry. Moreover, it has allocated over $1 billion for road construction and urban development in the Bandar Imam region.

The Bandar Imam Petrochemical CEO emphasized that the company has invested $1.3 billion in cultural and social projects in the surrounding areas, including the construction of schools, hospitals, and universities. Additionally, 2,500 houses and apartments have been provided to war-affected individuals.

With a current workforce of 9,500, Ansarinik highlighted the significant impact of employment generation on the local economy. He stressed that continuous collaboration and growth in expertise could lead to strategic planning for the next 50 years and contribute to the country's revenue.

Ansarinik noted that Bandar Imam Petrochemical played a crucial role in financing and implementing various projects, including the 1200, 1500, 3100, and 3200 National Petrochemical Company schemes.

Concluding his statement, Ansarinik underscored the need for National Petrochemical Company support for Bandar Imam Petrochemical's modernization. He outlined the company's vision for the future, emphasizing sustainable production, transitioning to a green industry, adopting digital transformation systems, streamlining operations, and prioritizing social responsibility.

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