Abdolreza Rahmani Fazli, the ambassador of the Islamic Republic of Iran in China, along with Mehrdad Rahimi, the international affairs manager and a board member of the National Petrochemical Company of Iran, visited the Morvarid Petrochemical booth at the 9th China International Import Expo (CIIE 2026) in Shanghai. This exhibition, as one of the largest trade events in the world, provides a suitable platform for introducing the production and export capacities of international companies.
Introduction of Morvarid Petrochemical Capacities
During this visit, Behnam Kazemi, a board member, deputy CEO, and commercial manager of Morvarid Petrochemical, presented a report on the company's performance in production and export. The key products of Morvarid Petrochemical include ethylene and monoethylene glycol (MEG) with significant production capacities. Behnam Kazemi referred to Morvarid Petrochemical's development plans to expand international markets, especially in China. The Chinese market, as one of the largest consumers of petrochemical products, has significant potential for strengthening trade cooperation between Iranian producers and players in the chemical industry of this country.
Investment Opportunities and Development of Downstream Industries
One of the most important focuses of this meeting was to examine investment opportunities for the Chinese in the development of downstream industries related to the production of monoethylene glycol. Behnam Kazemi, while outlining the company's development plans, emphasized the importance of attracting foreign investors to finance projects related to completing the value chain of petrochemical products. The development of MEG downstream industries is one of the strategic priorities of Morvarid Petrochemical, which can lead to increased added value and more effective utilization of the production capacities of this complex.
During this meeting, the importance of bilateral cooperation with Chinese parties was also emphasized. Introducing the production capabilities of Morvarid Petrochemical at the Shanghai exhibition has created a platform for identifying new business opportunities and attracting foreign investors. This approach is considered an effective step towards achieving the company's development goals and increasing the share of Iranian products in international markets.
According to experts, moving towards the development of downstream industries not only lays the groundwork for economic growth but also helps strengthen the position of Iranian companies in the global value chain. However, achieving this goal requires finalizing negotiations, attracting investors, and securing appropriate financing for the implementation of development projects.
Read more: National Iranian Gas Company welcomes investment in the production of sulfur products · The necessity of optimizing gas consumption in petrochemicals by Omid Shakri
