According to PGFE, the company also saved 1 million euros by locally making 13 different types of chemicals, Gholamsali Zalkhani said.

PGFE is a is responsible for producing vital services such as electricity and steam for petrochemical industries, he added. "The focus of this company is on product sustainability and production of items are vital for the company.”

The items include industrial valves, gear boxes, rotors, industrial cards, pumps, etc.