Eight contracts and memoranda of understanding for the development of
the value chain of the petrochemical industry were signed at the twenty-eighth
International Oil, Gas, Refining and Petrochemical Exhibition on Saturday.
Payam Barzegar, CEO of the Petrochemical Special Economic Zone
Organization, signed eight contracts and memoranda of understanding to
implement downstream development projects aimed at completing the value chain
of the petrochemical industry, in the presence of Morteza Shahmirzai, CEO of
the National Petrochemical Company (NPC), on the last day of the twenty-eighth
International Oil, Gas, Refining and Petrochemical Exhibition.
The contract for the production of benzene and gasoline from pyrolysis
gasoline with an annual production capacity of 86,000 tons, as one of the
driving projects of the value chain, to combat sanctions and achieve
self-sufficiency, was signed with Sadra Khuzestan Petrochemical Company, and
the contract for the construction of a pipe coating and Gas Tight sealant
production plant with an annual production capacity of 100,000 tons, with Reeva
Tadbir Company in collaboration with a foreign investor from China, was signed.
Furthermore, memoranda of understanding were signed for the
construction of olefin unit and downstream polymer units with an annual
production capacity of 2.012 million tons with Almas Mahshahr Petrochemical
Company, the construction of a propylene park with an annual production
capacity of 493,000 tons with Sanat Parsian Company, and the production of
methylamine and downstream chain with an annual production capacity of 36,000
tons valued at 51.5 billion dollars with Petro Sam Eurasia Company to complete
the petrochemical value chain, strengthen the capacity of the private sector,
and achieve domestic self-sufficiency.
According to the report, the signing of the memorandum of
understanding for the production of yarn, fabric, liner, and jumbo bag with an
annual production capacity of 6,000 tons for the development of downstream
industries and the utilization of capacity and strengthening the private sector
with Oja Tadbir Alborz Company, the memorandum of understanding for the
production of pharmaceutical raw materials and pure chemicals from
petrochemicals with an annual production capacity of 112,000 tons to complete
the petrochemical value chain and achieve the country's self-sufficiency with
Jaber Ozanogoo Chemistry Company, and the memorandum of understanding for the
production of caustic soda solution with an annual production capacity of 11 ,000
tons with Parto Exir Gharb Company, was signed with foreign investment from
Uzbekistan.
Payam Barzegar, CEO of the Petrochemical Special Economic Zone
Organization, stated at the ceremony, emphasizing the organization's goal of
achieving the slogan of the year in the Mahshahr region in the fields of
generation and investment: "Land permits for an area of 3,000 hectares
will be obtained in the near future for investment in value chain
projects."
He added: "The comprehensive plan of this region is being
drafted, and we hope that its implementation operations will start by the end
of this year, and its development will reach a level similar to the current
special economic zone in less than 15 years."
The twenty-eighth International Oil, Gas, Refining and Petrochemical
Exhibition, with the slogan "Oil Industry; Production Leap, Technological
Optimization," was held from Thursday for four days at the permanent
exhibition halls of Tehran International Exhibitions.
More than 1,750 Iranian and foreign companies are participating in
this major oil event in various sectors, including upstream oil and gas
companies, domestic producers, middle and downstream gas industries, refining
and petrochemicals, research-based companies, technology parks, universities,
startups, and other companies related to the oil industry.