3,000 Hectares Allocated for Petchem Industry Development

3,000 Hectares Allocated for Petchem Industry Development
(Wednesday, September 11, 2024) 16:11

TEHRAN (NIPNA) - Morteza Shahmirzaei, Deputy Minister of Oil and CEO of the National Petrochemical Company (NPC), announced that over 3,000 hectares of land in Mahshahr will be dedicated to developing the petrochemical industry and completing the value chain. This initiative aims to boost employment and create significant added value for the country.

At a contract signing event during the 18th Iranplast International Exhibition, Shahmirzaei stressed the importance of developing knowledge and research centers to reduce raw material exports and produce high-value products. He noted that while good progress has been made in acquiring knowledge and expertise, further steps are needed to achieve higher scientific goals.

Shahmirzaei also highlighted technological cooperation in the Petrochemical Special Economic Zone, aimed at fostering new, knowledge-based businesses. He noted that this 3,000-hectare expansion will play a pivotal role in enhancing the petrochemical sector’s value chain and generating employment.

The strategic role of catalysts in petrochemical production was emphasized, with Shahmirzaei noting that Iran has achieved the technical know-how for all essential catalysts. He called for appropriate marketing to capitalize on this capability.

He further mentioned that over 100 petrochemical projects are underway across the country, representing a significant opportunity for universities, research centers, and domestic companies to contribute to the sector’s growth.

During the event, the C2 hydrogenation catalyst for acetylene reactors, developed by Amir Kabir Petrochemical Company in collaboration with the knowledge-based company Exir Novin, was unveiled for the first time in Iran.

The 18th Iranplast Exhibition, hosting 288 foreign and 525 domestic companies, runs from September 8 to 11 at the Tehran International Permanent Fairground.

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