7 May 2022 - 17:38
  • News Code: 456455
PGPIC CEO Invites Brazilian Firms to Iran Petchem Industry

TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said: "Today, PGPIC has 14 projects under construction with a domestic return price of at least 15%, which is a good opportunity for foreign investment, and in this regard we welcome the investment of Brazilian companies."

According to PGPIC, Abdolali Ali Askari in the first foreign event of the company introduced it and the capacities of the country's petrochemical industry, in the three main areas of investment opportunities in the Iranian petrochemical industry, technology and technological cooperation, and added: “This group has a share of about 40% of the production and export of Iranian petrochemical products.”

He said PGPIC is the largest company in Iran's capital market, while in terms of sales, profitability, exports and value added, it is the first company in Iran and ranks 37 in ICIS list of the world’s largest chemical firms.

The CEO of the Persian Gulf Petrochemical Industries Group, referring to the $26 billion investment in the last 20 years in the country's petrochemical industry, said special geographical location, access to feedstock, significant domestic demand, low tax rates, special economic zones and human capital are among the best reasons for investing in Iran's petrochemical industry.

News Code 456455

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