The Vice Chairman of the Industries and Mines Commission of Parliament, Farhad Tahmasbi, emphasized the important role of the National Petrochemical Company in the policymaking of this industry, highlighting the necessities of developing the value chain, completing unfinished projects, and attracting investment to turn petrochemicals into the engine of economic growth for the country.
The Future of Iran's Petrochemical Industry
Tahmasbi stated: "The future of Iran's petrochemical industry remains dynamic and growing, and the Islamic Consultative Assembly is ready to support this value-creating industry." He also added that, given the feedstock resources, skilled human resources, and industrial infrastructure, the country has a very high capacity for developing this industry.
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Completing the Value Chain and Producing Value-Added Products
The Vice Chairman of the Industries and Mines Commission emphasized: "Our view of petrochemicals should not be limited to the production and export of basic products, but the main goal is to move towards completing the value chain and producing higher value-added products."
Tahmasbi clarified that completing unfinished petrochemical projects, developing downstream industries, and creating suitable incentives for investors could direct significant resources towards this industry. He also stated: "The more complete the production chain is within the country, the more foreign currency income increases, and the dependency of the economy on the export of raw materials and basic products decreases."
Petrochemicals as a Driver of Economic Growth
He further stated: "In the coming years, petrochemicals can be one of the main drivers of the country's economic growth, provided that policymaking has the necessary stability and investors have a clear outlook on the future of the industry." This highlights the importance and key role of the petrochemical industry in the country's economic development, which requires more attention and support from legal and governmental institutions.
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