Int’l Petrochemical Forum Kicks Off in Tehran

News ID: 1386609 Service: Economy
همایش پتروشیمی

TEHRAN (Tasnim) – The 13th international Iran Petrochemical Forum (IPF) opened in Tehran on Saturday with the participation of petrochemical industry experts from across the world.

The National Petrochemical Company (NPC) of Iran has organized the international forum, which will continue until Sunday, April 23, at the IRIB Int'l Conference Center in Tehran.

The IPF-2017 is to focus on some of the challenges and needs facing the petrochemical industry, including sustainable use of hydrocarbon resources, shortage of feedstock especially natural gas, competitive solutions and state-of-the-art technologies to maximize returns and to diversify and enrich value chain, according to the official website of the IPF.

The Forum will also discuss advantages and potentials of developing Iran’s petrochemical industry, exploring ways and means of expanding the industry’s mid- and down-stream sectors via joint venture alliances and attraction of international finances, utilizing domestic and international capabilities for developing and transferring advanced technologies, completing value chains, increasing value-added and developing new hubs with the aim of reaching an annual output capacity of 120 million tons by 2020 and 180 million tons by 2025, the website stated.

The petrochemical industry in Iran has developed considerably in the past years.

Marziyeh Shahedaei, the head of the NPC, said in January that the installed capacity of Iran’s petrochemical industry has reached some 63 million tons and is projected to soar to 130 million tons by 2020.

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