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IPF Offers Opportunity for Localization of New Petchem Technologies: CEO

IPF Offers Opportunity for Localization of New Petchem Technologies: CEO
(Saturday, April 8, 2023) 13:11

TEHRAN (NIPNA) -- The 14th Iran Petrochemical Forum (IPF) will provide a valuable opportunity for Iran to leverage new technologies and complete the value chain in the petrochemical industry, said the CEO of the National Petrochemical Company (NPC).

During the 3rd meeting of the executive committee of the IPF, which was held in Tehran, Morteza Shahmirzaei, who is also Deputy Minister of Petroleum, underlined the necessity of balanced development of the industry.

Iran's petrochemical industry is a major contributor to the country's economy, accounting for a significant share of its non-oil exports. According to the NPC, the country's petrochemical production capacity has increased from 20 million tons in 2013 to 66 million tons in 2021. The industry is expected to reach a production capacity of 100 million tons by 2025, according to government projections.

Shahmirzaei stated that the IPF offers a good opportunity to transfer world-class experience and knowledge among industry operators, and that the capacities of the event should be tapped.

He praised the localization efforts of capable domestic manufacturers, and noted that Iran is on the path of self-sufficiency in the manufacturing of catalysts, thanks to the expertise of its scientists and researchers.

"We must realize more qualitative growth in the petrochemical industry and produce strategic items in Iran's petrochemical industry with the aim of meeting the needs of the intermediate and downstream industries," Shahmirzaei said.

He added that if existing capacities are used, some of the backlogs in the petrochemical industry can be removed, and that the presence of experts in this year's conference will play a role in this regard.

The NPC CEO also voiced the company's readiness to support the sector as a specialized and developmental parent company with the pathology and examination of some challenges in the petrochemical industry.

The IPF is seen as an important platform for industry players to share knowledge and expertise, and to collaborate on new technologies and strategies to drive the industry forward, he went on to add. 

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