Iran seeks strengthening  petchem industry's share in global markets

SHANA (Tehran) - The CEO of the National Petrochemical Company (NPC) emphasized the need to strengthen Iran's share in global export markets through precise planning and the development of new export markets for petrochemical products.

Hassan Abbaszadeh, during his first Nowruz visit to Petrochemical Pardis on Saturday, reviewed production status and existing challenges, stressing the importance of expanding export markets, removing production barriers, and implementing environmental projects.

Highlighting Petrochemical Pardis's global standing in urea production, Abbaszadeh noted significant progress in barter agreements and the establishment of new markets in countries like Brazil.
He added that the company is currently exploring new markets in Africa and hopes to expand further.

The deputy oil minister also addressed lost export opportunities in the past, stating that India, a key market, had seen a decline in Iran's share in recent years. However, efforts are underway to revive this market. With global demand for urea rising, Abbaszadeh emphasized the need for strategic planning to bolster Iran's presence in these markets.
Abbaszadeh underscored the importance of investing in the development of the petrochemical industry, aligning with the year's motto of "investment for production." 
He noted that a portion of investments should be directed toward developmental projects, including the collection of associated gases in the region, which holds significant environmental and economic value.

He also stressed the urgency of implementing the Hamedan environmental project, which focuses on CO2 gas collection. Despite years of discussion, the project has been delayed. Abbaszadeh argued that the project is not only environmentally justified but also economically viable and should commence as soon as possible.

The CEO of the NPC expressed readiness to cooperate on the project, with necessary steps to begin after the Nowruz holidays.

Importance of sustainable feedstock supply

Abdolrahim Qanbarian, CEO of Petrochemical Pardis, provided a performance report during the visit and highlighted production challenges. 
He noted that feedstock limitations last year directly impacted production and exports, expressing hope that measures would be taken in the new year to minimize this issue.

Qanbarian emphasized the importance of a stable feedstock supply, stating that all conditions for production are in place, from skilled human resources to modern equipment. However, the main issue remains the shortage of feedstock, which has reduced production capacity.

Expressing optimism about the future of the petrochemical industry, Qanbarian hoped that with support from the Ministry of Oil and the NPC, feedstock supply issues would be resolved, allowing operations at full capacity. This, he said, would benefit not only the company but also the national economy.

News ID 656065

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