Omid Shakri today (Wednesday, November 20) announced the formation of a joint working group between the National Petrochemical Company and the Petrochemical Employers Association during a brainstorming session with the CEOs of petrochemical holding companies. The goal of this meeting was to foster collaboration and synergy between the National Petrochemical Company and the petrochemical holdings to identify existing issues and challenges and to explore practical solutions for reducing and addressing them.
The Necessity of Reconstructing and Reviving Capacities
Shakri referred to the process of reconstructing and recovering damaged units during the imposed war and emphasized that the return of these units to the production cycle and creating the conditions for reviving operational capacities in the industry must be accelerated. He also pointed to the importance of a more serious entry of petrochemical companies into the upstream feedstock supply sector, stating that appropriate actions have been taken in this regard and plans are underway to continue this path.
The Role of the Petrochemical Industry in Currency Supply
The CEO of the National Petrochemical Company emphasized the role of this industry in supplying the country's currency needs and stated that any action that facilitates exports and increases the sales capacity of petrochemical products can help improve the country's economic conditions and meet currency needs. Shakri also addressed the mechanisms for facilitating the collection of receivables and the payment of debts of petrochemical companies, adding that establishing appropriate mechanisms for settling these debts can help improve the financial flow of companies and reduce existing challenges.
Coordination Among Stakeholders and Feedstock Shortages
He highlighted the importance of coordination among stakeholders in the allocation of inter-community feedstocks, especially those with limited supply, and said: "Given the shortage of certain feedstocks, it is necessary to establish more effective coordination among the relevant companies so that the available resources are distributed fairly and appropriately among applicants. Additionally, root-cause solutions for feedstock shortages should be pursued."
Shakri announced the National Petrochemical Company's plans to address the feedstock shortage issue with the active participation of industry stakeholders and emphasized that programs related to this area are being developed, and details will be communicated in due course.
In conclusion, he considered the most important outcome of this meeting to be the agreement to form a joint working group and stated that this group will seriously follow up on the issues and challenges raised in the meeting and also on topics that will be added later, and will report the results of actions in future meetings to the managers and industry stakeholders.
The brainstorming session of the CEOs of petrochemical holding companies was held with the presence of Omid Shakri and Ahmad Mahdavi Abhari, the Secretary of the Petrochemical Employers Association, where the CEOs of petrochemical holdings presented their views, concerns, and suggestions regarding the existing issues and challenges in the industry.
