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CEO Stresses Need for Balanced Petchem Development

CEO Stresses Need for Balanced Petchem Development
(Saturday, July 29, 2023) 23:18

TEHRAN (NIPNA) -- In a statement issued on July 29, 2023, the Deputy Minister of Petroleum and CEO of the National Petrochemical Company highlighted the strategic importance of pursuing balanced development in the petrochemical industry to complete the value chain.

Speaking in the context of the commemoration of the mourning days of Aba Abdullah Al-Hussein, Morteza Shahmirzayi expressed that Iran possesses vast capacities for the development of the petrochemical sector.

Shahmirzayi stated, "As we witness an increase in Iran's petrochemical production capacity in the coming years and the expansion of target markets, it is essential to focus on value creation and promote diversified development across all sectors."

The Deputy Minister further emphasized that by aligning with the completion of the value chain, Iran can transform various polymer and chemical products into complementary industries, thereby reducing raw material sales and moving towards the production of finished goods, ultimately creating more added value.

Recognizing the pivotal role of competent and specialized human resources in the petrochemical industry's development, Shahmirzayi said, "The achievements in Iran's petrochemical industry have been realized through the efforts and dedication of our skilled workforce, which has led to demands for specialized cooperation from various countries and interest in purchasing goods, equipment, and catalysts from Iranian companies."

The CEO of the National Petrochemical Company urged all members of the petrochemical industry's extensive family to utilize their capabilities and knowledge to strive for the achievement of set objectives.

He added, "Today, with the determination of capable Iranian builders, the development of value-creating petrochemical industry is being carried out by domestic companies, and we can make the best use of internal knowledge and experience."

Shahmirzayi stressed the importance of precise and coordinated planning and the utilization of academic capacities, research centers, and domestic builders' capabilities to actualize development programs along the value chain. He also highlighted the potential contributions of knowledge-based companies and science and technology parks in this endeavor.

"With effort and perseverance, we can realize development plans along the value chain and the role of the youth in value-creating development within this industry is of special significance," Shahmirzayi concluded.

It is worth noting that the Deputy Minister's statements reflect Iran's commitment to enhancing its petrochemical sector and realizing the full potential of the industry through strategic planning, value creation, and collaboration with domestic and international partners.

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