According to NPC, Ali Mohammadi Bossaqzadeh, NPC’s director of projects, said that most of the projects were to be developed by petrochemical holding companies which were quoted in the stock market.

He said the projects would lead to a major transformation in the industry, adding that they would be profitable for the country as well.

The official said that the second leap of the industry would reach fruition by 2021, adding that the resources for financing the projects had been determined.