INSUBCONTINENT EXCLUSIVE:
key base products such as methanol, ammonia, ethylene, and other essential chemicals, the head of the National Petrochemical Company (NPC)
said.According to a report by NPC, Hassan Abbaszadeh made the remarks on Monday at the "Future of the Petrochemical Industry" panel during
the third PetroTech Conference, IRNA reported.He acknowledged shortcomings in the production of certain products, including propylene, but
emphasized that completing its value chain would enable the production of high-value-added products for both domestic use and export.The
deputy oil minister highlighted plans to enhance the petrochemical value chain, stressing that development depends on adopting new
utility complexes in the petrochemical sector generate around 4,000 megawatts of electricity, with surplus power supplied to the national
optimizing oil and gas resources, stating that diversifying feedstock and leveraging renewable energy and modern technologies would help the
government representative fosters cooperation, production growth, and balanced industrial development.Need for private sector supportAlso
He stated that supporting private investments could drive transformation and expand product offerings.Regarding feedstock supply, Nematzadeh
acknowledged current imbalances but expressed confidence that with proper utilization of hydrocarbon resources, petrochemical plants would
Despite challenges such as sanctions, the sector remains on a growth trajectory, and all available capacities must be used to address
industry challenges, he said.Nakhaei stressed the importance of enhancing global competitiveness, expanding market presence, and utilizing
advanced technologies to produce higher-value petrochemical products for international markets.The third PetroTech National Conference
concluded on Monday.EF/MA
