TEHRAN (Iran News) –The CEO of National Petrochemical Company (NPC) says the average speed of development of petrochemical industry is doubled in every 20 years in the world but Iran wants to double it in 12 years and to produce 200m tons of products per year due to the efforts of domestic experts and blessing of the sanctions.
Speaking in a ceremony, Morteza Shahmirzaei said that when the Islamic Revolution was established in Iran in 1979, the country had only 6 petrochemical complexes but today due to the blessing of the Islamic Revolution, the production capacity has reached 90m tons per year.
He added that Iran is determined to double the speed of development in its petrochemical industry in 12 years and to increase the production capacity to 200m tons.
He added that the country produced 1.5m tons of petrochemical production in 2000 ago but today the capacity has increased significantly and the country converts products into valuable products.
He admitted that the demand for the oil products is facing downward trend in the world because the world is moving to use clean energy and to put aside fossil fuels.
Shahmirzaei added that currently over 500 grades of different petrochemical products are produced in Iran and the government is determined to complete the value chain. He stated that over 110 small and big projects are underway that some of them are valued at over $4b.
He noted that since Iran has been permanently under the military and coup d’etat threat from the beginning of the Islamic Revolution and the country has been under the threat of dissolution and the country also faced war and post-war reconstruction and after them economic sanctions appeared. He reiterated that in any component that the country progressed it faced sanctions and this is the miracle of the revolution and despite all sanctions, the production capacity of 1.5m tons was increased to 90m tons, it means in 43 years the production has become sixtyfold.
Shahmirzaei reiterated that doors of the oil installations are to open for the youths in the country, adding that the company is ready to hand over implementation of the underway projects to the youths.
He said that currently the petrochemical complexes has increased from 6 to 73 and 67 of them have been constructed by the domestic experts after the victory of the Islamic Revolution.
Shahmirzaei went on to say that last year the value of petrochemical production was $23b that $15b of it was exported, and $2.5b of the earned money from exports has been used for buying equipment but the construction chain has not been completed.
He reiterated that the main strategy of the company is to move towards creating forex, jobs and honors. He stated that almost 70% of the required equipment of the industry is home-made and for this reason the self-sufficiency center was launched in the oil industry of the country and all required goods of the industry is tried to be produced by the domestic forces.
Shahmirzaei stated that production of every one million tons of petrochemical product in the field of value chain creates 170,000 jobs in the downstream industries.