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Iran Highlights Strategic Experience for Petchem Industry Growth

Iran Highlights Strategic Experience for Petchem Industry Growth
(Wednesday, March 5, 2025) 13:49

TEHRAN (NIPNA) – Iran's Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC) emphasized the importance of leveraging strategic experiences to drive the development of the petrochemical sector.

Speaking ahead of the 11th Petrochemical Industry Excellence Award, Hassan Abbaszadeh highlighted the crucial role of the event in enhancing competition and fostering industry-wide progress. "The outstanding presence of petrochemical companies in various fields has enabled industry players to move toward excellence and growth while enhancing both the quantity and quality of their operations," he said.

The award, according to Abbaszadeh, serves as a platform for evaluating and benchmarking companies' performance. "This initiative provides petrochemical firms with the opportunity to learn from each other’s capabilities and achievements, placing them under external evaluation by qualified assessors," he noted.

The current edition of the Excellence Award prioritizes key factors such as optimizing feedstock utilization, energy efficiency, and expanding the value chain. "Companies that succeed in converting semi-processed materials into higher-value products will receive recognition," Abbaszadeh stated.

He also underscored the significance of supply chain development, safety improvements, and environmental protection as fundamental criteria in the assessment process. "Fortunately, these aspects have consistently been supported by petrochemical companies," he added.

This year, 67 companies are participating in the award, including 40 major firms competing for the main prize. Additionally, nine project-executing firms will be evaluated under the CPM3 model, while three contractors and 15 downstream companies will also take part.

"The Petrochemical Industry Excellence Award is not limited to petrochemical producers alone but extends to consultants, contractors, suppliers, and downstream industries," Abbaszadeh emphasized.

The 2025 edition of the award includes specialized workshops and training courses for evaluators and excellence managers. Moreover, industry tours have been organized to facilitate deeper learning and experience sharing.

A key distinction of this year’s event, Abbaszadeh noted, is the increased involvement of domestic assessors. "Companies that have demonstrated productivity growth, value creation, supply chain capability expansion, and safety enhancements will be recognized for their achievements," he concluded.

 


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