Int’l ‘Iran Petrochem 2025’ Expo Starts on Kish Island
Organized and sponsored by the Persian Gulf Petrochemical Industries Company (PGPIC) the exhibition was held for three days on Kish Island in Southern Iran.
Addressing the opening ceremony, Hamed Shams, the director of Public Relations, Brand, and Social Responsibility at PGPIC, said, “This exhibition is an opportunity to showcase achievements and exchange ideas.”
Stressing the uniqueness of this year's exhibition, he said, “In addition to the 24 subsidiaries of PGPIC, more than 10 non-subsidiary companies are also participating and have expressed their support for this event.”
Also, 80 knowledge-based and technological companies had participated in the exhibition this year.
Iran gained 3.39 billion dollars from the exports of petrochemicals in the three months to June 20, an official said in August.
Ahmad Mahdavi, the secretary of Iran's Association of Petrochemical Industry Corporation, announced that petrochemical output in Iran had reached a total of 20.41 million tons in the June quarter.
He added that the exports had accounted for 7.74 million tons of Iran's petrochemical output in the three months to late June, adding that petrochemical companies had also sold nearly three million tons of products to domestic customers over the same period while consuming the rest of the output as feedstock.
Mahdavi said this calendar year’s exports of petrochemicals from Iran would definitely exceed figures reported in the year to March 2023.
The official noted that the Iranian central bank had committed to provide funding to a total of 11 new petrochemical projects whose investment value is below $50 million.
He said that the Iranian petrochemical companies seek to invest some $8 billion in development projects in the country’s oil and gas sector, adding that the investment could lead to an increase of 200 million cubic meters per day in Iran’s natural gas production, allowing petrochemical plants to increase their output.
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