Peydamco Company for the Management and Development of Petrochemical Industries has prioritized collaboration with the Scientific, Technological, and Knowledge-Based Economy Vice Presidency in the early days of its new management. This policy aims to maximize the utilization of the country's innovation ecosystem capabilities and safeguard foreign currency resources while addressing technological dependency challenges in the country's hydrocarbon megaprojects.
Focus on Localization of Equipment and Digitalization
During a specialized meeting between Hussein Afshar, the Scientific and Technological Vice President, and Hamidreza Hoshyari, the CEO of Peydamco, key points for linking industry and technology were discussed. Identifying bottleneck items in production lines, accelerating first-time construction projects, localizing critical equipment such as complex rotating machinery, and implementing industrial digital infrastructure are among the main priorities of this agreement. The parties also emphasized the targeted use of incentives provided in the Knowledge-Based Production Leap Law and R&D tax credits.
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Establishment of a Specialized Hub for Technology Management
One of the key outcomes of this meeting was the examination of the mechanism for establishing a "Specialized Hub for Technology Management, Localization, and First-Time Construction of Bottleneck Equipment in the Petrochemical Industry" under the executive leadership of Peydamco and supported by the Presidency. This structured center aims to bridge the traditional gap between engineering needs in petrochemical project tender documents and the capabilities of technology companies, facilitating the commercialization pathway and the direct entry of local equipment into the vendor list of national projects through standardizing field tests.
This strategic linkage provides the necessary groundwork for transforming engineering bottlenecks into sustainable economic opportunities and elite employment. With the gradual entry of domestically produced knowledge-based products into Peydamco's operational network, the risks associated with delays in supplying critical foreign equipment will be reduced, leading to enhanced project competitiveness, the development of the Iranian high-tech product market, and increased self-sufficiency in the petrochemical industry.
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