Iran Press/ Iran news: The exhibition is the most significant event in the field of plastic in West Asia and one of the most prestigious exhibitions in the world.
Addressing the opening ceremony of the exposition, Morteza Shahmirzaei added Iran has started a leaping and transformative move in its petrochemical industry, which creates value and job opportunities and boosts foreign currency inflow.
Iran’s petrochemical output stood at nearly 1.5 million tons in 1977, said the NPC chief, adding the industry’s installed capacity has now topped 92 million tons per year despite war and reconstruction of petrochemical plants that, on the whole, lasted around 15 years.
560 domestic and 210 foreign companies have participated in the exposition.
Shahmirzaei said 150-billion-dollar investment opportunities will be created in upstream, midstream, and downstream sectors of Iran’s petrochemical industry by the end of the country’s 8th Development Plan (2027-2031).
The NPC CEO said Iran will become self-sufficient in producing catalysts by the end of the incumbent government’s term.
He continued that all industry products and equipment would be indigenized based on the plans.
The 17th IranPlast International Exhibition, which opened at the Tehran International Permanent Fairground in the presence of Iran’s Oil Minister Javad Owji and a number of Iranian and foreign officials and experts, will run through September 20.
216
Read more:
17th Iran Plast International Expo kicks off
