Alireza Sediqizadeh said on Tuesday that his company was the first producer of isocyanates in the Middle East, which is a manifestation of preventing sale of crude oil and gas.

Addressing a ceremony to officially launch the second phase of Takt Jamshid Petrochemical Plant, the official said his company operated with 500,000 ton/year of production capacity of which 220,000 t/y were salable.

He said the launching the project 70 jobs were directly created, adding 35% of Karoon Petrochemical Plant’s costs concerned procurement of platinum and palladium catalysts which were now to be replaced by nickel catalysts supplied by HNT Holding Company.