The CEO of the company, Sepahdar Ansari Nik,
announced during the IPF international conference that negotiations are
currently underway with a foreign company to secure the funds.
The investment will go towards the planned
renovation and development projects worth $2.7 billion over the next five to
Ansari Nik also announced the company's plans to
diversify its products, adding four new items to the product portfolio of the
petrochemical complex in the near future.
He highlighted the advantages of the Bandar Imam
Petrochemical Company, including the existence of utility and centralized feed
supply pipelines, 300 hectares of free land in the vicinity of the complex,
annual income of $1.2 billion, and expert human resources.
The CEO stated that the company's main policy in
the future is to complete the value chain and prevent raw sales.
He announced the creation of sustainable profit
and efficiency in investment as one of the other strategic goals of the
By 2028, the company aims to increase its
production from 6.5 million tons to 9.5 million tons and increase annual income
from $1.2 billion to $2.5 billion, with the current 17% profit margin expected
to reach 45%.