17 February 2020 - 15:26
  • News Code: 299951
Petchem Industry Best Method to Generate Wealth in Iran: Official

TEHRAN (Shana) – The supreme adviser to presidential deputy for technical and scientific affairs underlined the importance of the petrochemical industry in generation of wealth for the country.

Ali Vatani said on Sunday  that 6% of the global energy output was consumed in the petrochemical industry in 2014, adding the total value of petrochemicals produced globally stood at over $3,200 billion.

He said technical development was one of the ways to address production bottlenecks in the petrochemical industry, adding the share of petrochemical industries of gas needed to be enhanced in Iran given the value added produced by the sector.

“Gas is not just used for burning and if introduced to the petrochemical industry can generate so much value added,” he said.

News Code 299951

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