On the sidelines of the 9th China International Import Expo (CIIE 2026) currently being held in Shanghai, Abdolreza Rahmani Fazli, the Ambassador of the Islamic Republic of Iran in China, along with Mehrdad Rahimi, Director of International Affairs and a board member of the National Petrochemical Company of Iran, visited the Morvarid Petrochemical booth. This visit was aimed at exploring the commercial and production capacities of Morvarid Petrochemical and attracting foreign investors.
Introduction of Morvarid Petrochemical's Capacities
During this meeting, Behnam Kazemi, a board member and deputy CEO of Morvarid Petrochemical, introduced the production and commercial capacities of this company. Morvarid Petrochemical operates in the petrochemical products sector with an annual production capacity of 700,000 tons of ethylene and 400,000 tons of monoethylene glycol (MEG). Kazemi also provided a report on the export collaborations and market development plans of this company.
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Attracting Investors and Developing Downstream Industries
In this meeting, the topic of attracting foreign investors and identifying financial providers for the implementation of the downstream MEG industries development project was discussed. This project is designed to complete the value chain and create more added value for Morvarid Petrochemical. Exploring the potential for attracting Chinese investors to this project was also another focus of this meeting.
The development of downstream MEG industries is considered a priority for Morvarid Petrochemical and is aimed at achieving the country's macroeconomic goals, creating jobs, and increasing the export of petrochemical products. However, no details regarding the final agreement or definitive financing for this project were announced in this meeting.
As one of the leading companies in Iran's petrochemical industry, Morvarid Petrochemical strives to increase its share in the global petrochemical products market by enhancing production capacities and collaborating with international partners. This event at the CIIE 2026 reflects Iran's interest in developing trade relations with China and attracting foreign investment in the petrochemical industry.
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