Sustainable Feedstock Supply Key in Enhanced Petchem Output

Sustainable Feedstock Supply Key in Enhanced Petchem Output
(Saturday, January 30, 2021) 11:40

TEHRAN (NIPNA) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said: "If the petrochemical complexes operate at full production tilt they will generate revenue and this can be possible only by sustainable feedstock supply.”

Jafar Rabiee chaired a specialized panel on "Upstream Production for Supplying Petrochemicals and the role of this industry" on Tuesday, January 26, 2021, at the ۶th Iranian Petroleum and Energy Club Congress and Exhibition (IPEC 2021).

Rabiee, as the managing director of the country's largest petrochemical holding, said that there is a huge volume of Iran's oil and gas resources is outstanding in the world, adding: "There is a missing link in this regard that has created a challenge to feed petrochemical complexes."

He spoke about the heart of petrochemicals in providing feedstock, and continued: "If petrochemical complexes operate with maximum capacity, they will have activity and income generation only if their feedstock is fully supplied."

The CEO of PGPIC, stating that there is a mentality that upstream of the oil industry is part of the government system and no one has the right to enter it, added: "On the other hand, lack of budget and cumbersome regulations in the government system has caused petrochemical complexes to worry about their feedstock supply, even though feedstock is available.”

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