23 February 2022 - 22:23
  • News Code: 453916
Petchem Deals worth Rls.150t Signed with Local Firms

TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said 200 memoranda of understanding (MoUs) valued at a total of 150,000 billion Iranian rials have been signed between PGPIC subsidiaries and local manufacturers.

Abdolali Ali Asgari addressed the opening ceremony of the third exhibition and conference to support domestic manufacturing in the petrochemical industry on Monday evening, saying such events create the ground for the development of the petrochemical industry.

He pointed to the holding of the showcase in various fields including production of parts and equipment, chemicals and catalysts, and added: "After production and manufacture of physical equipment, in the next step, production of technical knowledge required by the petrochemical industry is very important."

The PGPIC CEO emphasized on maximizing support for knowledge-based companies, especially in the development of downstream industries, and said: "The development of downstream industries requires many technologies that ultimately lead to production of various high value-added items and create a lot of employment for the country."

Ali Asgari also considered the role of free zones and banks in the development of petrochemical industries, especially in the downstream sector, and the development of knowledge-based companies.

News Code 453916

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