Speaking at the inaugural National Conference on Credit Sales of
Petrochemical Products, Shahmirzaei emphasized the critical role of stable raw
material supply in achieving substantial production growth.
Shahmirzaei highlighted that the implementation of credit sales had
addressed the liquidity shortage faced by downstream industries, catalyzing a
significant transformation in their business operations. "In 2023,
approximately 800 trillion rials ($80 billion) worth of petrochemical products
were sold on credit," he noted.
He further stated that there was no shortage of petrochemical products
last year; instead, downstream industries occasionally struggled to absorb the
available supply.
Acknowledging the efforts of the petrochemical sector in facilitating
credit sales, Shahmirzaei reported that in the first two months of this year,
140 trillion rials ($14 billion) worth of petrochemical products were offered
in the capital market.
Calling credit sales an economic jihad, Shahmirzaei reiterated that
sustained raw material supply to downstream units is essential for realizing
true production leaps. The NPC is actively engaged in completing numerous
petrochemical projects, with substantial investments aimed at their completion
and productivity.
Shahmirzaei declared that 2024 would be a landmark year for the
petrochemical industry, with over 15 projects set to commence operations,
boosting the industry's installed capacity to over 102 million tons.
He also underscored the importance of ensuring a steady feedstock
supply to petrochemical complexes to increase production. In alignment with
localization efforts, over 80 environmental projects have been initiated within
the industry.
Finally, Shahmirzaei affirmed the goal of fully localizing all
petrochemical catalysts by the end of the 13th government in 2025, urging
petrochemical companies to participate in the commercialization of these
catalysts.