Hassan Abbaszadeh, the company’s CEO, made the remarks while discussing the sixth round of global negotiations on ending plastic pollution (INC5.2), attended by representatives from 184 countries, according to the company’s statement.

“With advances in technology and growing environmental awareness, it is expected that new, eco-friendly technologies will increasingly be used in the petrochemical sector,” Abbaszadeh said. “Collaboration among industry, governments and research institutions can accelerate both development and commercialization of these technologies.”

He said protecting the environment while expanding the petrochemical industry could lead to a sustainable future.

Abbaszadeh noted that delegates at the U.N.-backed talks highlighted two main differences over how to tackle plastic pollution: developed nations pushed for a comprehensive plastics lifecycle framework, including restrictions on polymer production and financial obligations for producing countries, while developing nations emphasized waste management strategies and support for voluntary national initiatives.

“In any agreement, unnecessary restrictions on essential technologies and products must be avoided,” he said, adding that the principle of “common but differentiated responsibilities” should guide commitments and reflect each country’s capabilities.

He said participants agreed to continue negotiations toward a comprehensive treaty at another session, likely in the first half of next year. “Any decision-making must also consider the interests of petrochemical producers worldwide,” he added.

The sixth round of talks, held in August in Geneva, ended without significant results due to sharp disagreements over the draft text proposed by the chair of the International Negotiating Committee on Plastic Pollution.