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Iran Boosts Support for Smart Technology Development in Petchem Sector

Iran Boosts Support for Smart Technology Development in Petchem Sector
(Tuesday, December 17, 2024) 17:45

TEHRAN (NIPNA) – Iran is intensifying efforts to promote innovative technologies and smart solutions in its petrochemical industry, a key economic driver, according to a senior government official.

Hossein Afshin, Vice President for Science, Technology, and Knowledge-Based Economy, emphasized the administration’s commitment to enhancing productivity in the petrochemical sector by supporting emerging technologies. Speaking at a press conference on Tuesday at the PetroFan event held at the Oil Industry Conference Center in Tehran, Afshin highlighted the pivotal role of petrochemicals in bolstering Iran's economy.

"The petrochemical industry is not only a major source of foreign exchange revenue but also a catalyst for developing downstream value chains and generating added value in the country," Afshin said. However, he noted that incomplete value chains remain a challenge, often due to budget constraints and short-term profit-driven policies.

Afshin identified insufficient investment in research, development, and advanced technologies as one of the industry's pressing challenges. “Technologies are evolving rapidly, and failure to adapt could lead to significant long-term issues,” he cautioned.

He pointed to digital transformation as a key priority. "An industry that disregards research and innovation is destined to fail. Initiating the journey towards smart technologies in petrochemicals is a critical step. By leveraging emerging technologies, particularly artificial intelligence, we aim to enhance productivity and reduce production costs," Afshin stated.

The vice president also highlighted plans to honor innovative managers at the event, emphasizing that the recognition goes beyond symbolic value. "This is about identifying and showcasing managers who have implemented innovation. The award carries prestige that helps elevate the profile of those leading transformative efforts," he explained.

Afshin further stressed the importance of addressing technological needs through collaboration with knowledge-based companies, calling the PetroFan event a platform for bridging gaps in innovation. “Today’s world is about showcasing and exchanging ideas. Such platforms enable effective information exchange,” he added.

The PetroFan 2024 event, co-organized by the Persian Gulf Petrochemical Industries Company and the vice presidency for science and technology, is set to take place from December 22 to 24. The event will focus on addressing technological needs, introducing innovative companies, and fostering collaboration within the petrochemical industry.

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