Value Chain Completion: Key to Petrochemical Growth

Value Chain Completion: Key to Petrochemical Growth
(Saturday, January 25, 2025) 17:08

TEHRAN (NIPNA) – Hassan Abbaszadeh, Deputy Minister of Petroleum and CEO of the National Petrochemical Company (NPC), emphasized that the petrochemical industry’s strategy is based on completing the value chain. He reiterated support for balanced development and final petrochemical product production, expressing readiness to provide full cooperation.

During a visit to the Petronad Petrochemical Park on Wednesday, Abbaszadeh stated, “This facility has effectively advanced the completion of the value chain and the production of high value-added products.”

He added, “All departments of NPC and the Petrochemical Special Economic Zone Organization are prepared to support industry efforts toward completing the value chain, leveraging all available capacities to minimize crude sales.”

Abbaszadeh highlighted the importance of supporting smaller projects that, despite requiring less investment and production capacity compared to large-scale projects, produce practical and significant products.

He stated, “Development policies and planning must focus on producing final products and prioritize balanced growth in the industry, considering the value chain as a central principle.”

The Deputy Minister urged the management of Petronad Petrochemical Park to actively address existing challenges and implement their development plans. He encouraged shareholders in this valuable complex, which targets pharmaceutical and hygienic industry needs, to execute their goals through comprehensive and precise planning.

Abbaszadeh concluded by emphasizing the significance of entering pharmaceutical industries, which aligns with national needs and ensures maximum value creation. He noted that Petronad's products not only meet domestic demand but also have the potential for export, making their venture into this sector a successful example of completing the value chain.

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