Iran’s Petchem Exports Reach 10 Billion Dollars

Ahmad Mahdavi-Abhari, the Secretary-General of the Petrochemical Industry Employers Association, pointed to the 8% growth target outlined in Iran’s Seventh Development Plan, and said, “The plan includes promising opportunities for new technology-based firms (NTBFs), with 49 petrochemical projects centered on these firms requiring at least $24 billion in investment.”

“So far, $12 billion has been invested, leaving another $12 billion to be secured.”

Mahdavi-Abhari stated that 12 of the 49 projects planned for collaboration with NTBFs under the Seventh Development Plan are allocated to the Persian Gulf Holding.

He added that the implementation of these projects would increase petrochemical production capacity from 96 million tons to 131.5 million tons.

If achieved, this would generate around $40 billion in wealth creation by petrochemical companies by the end of the Seventh Development Plan (2028).

In a relevant development in November, Iranian engineers at a knowledge-based company managed to manufacture robotic systems for loading and packing cargo to the market which saves time in petrochemical industries.

This product performs everything from packaging to loading completely automatically for the petrochemical industry,” said Mohsen Kazzemi Moqaddam, a researcher at the knowledge-based company.

“One of the concerns of the petrochemical industry is the time it takes to load products, and with this device, it has been able to reduce the loading time from 45 minutes to 15 minutes,” he added.

“The robotic packaging and loading line we designed is for open trailers, but the new model we are designing is for containers that are completely closed on all four sides. The new generation of this system uses telescopic and rail-based arrangements for packaging. The use of this system can save up to a third of the loading time,” Kazzemi Moqaddam said.

4155