20 October 2021 - 15:54
  • News Code: 322865
Petchem Investment Opportunities to be Unveiled

TEHRAN (Shana) -- The CEO of the Petrochemical Special Economic Zone Organization (PETZONE) said 20 investment opportunities are ready to be unveiled in petrochemical projects, adding: "With small investments in these projects, sustainable revenue generation and job creation will be guaranteed for the country."

According to PETZONE, Seyem Amin Shahidinia told a radio interview that investment in the projects would generate high value added, adding Petrochemical Special Economic Zone Organization has prioritized Mahshahr County as a practical strategy.”

He said the Petrochemical Special Economic Zone Organization accounts for one third of the capacity of the country's petrochemical industry, and said: "The development of this industry over the past two decades has had a favorable growth and according to the defined vision, by the end of this [calendar] year Iran’s petrochemical production capacity will reach 100 million tons per year.”

The official said that the country’s petrochemical production capacity is expected to cross 135 mt/y by 2025; if the plans are realized on time, an important part of the petrochemical industry needs to produce basic materials will be supplied domestically.

News Code 322865

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