According to the National Petrochemical Company (NPC), Ghasem Masoudi stated that Marjan Petrochemical Company was seriously focused on tapping domestic capabilities in the sector, adding that the sanctions had prompted the company to minimize their dependency on foreigners and exploit Iranian potentialities.

He said the company had formed a research group for carrying out studies on downstream methanol production and completion of the value chain of the item in order for production of value-added products.

Mr. Masoudi added that the company's plant was operating at 80 percent of its nameplate capacity and was expected to operate at full tilt by the end of the current calendar year to March 20, 2020.

He also added that the company was in talks with the Petrochemical Research and Technology Company (PRTC) for the supply of catalysts for methanol production.