Domestic firms supply $8b of equipment, parts for petchem industry

The managing director of Iran’s National Petrochemical Company (NPC) has said domestic companies have supplied about eight billion dollars of equipment and parts for the country’s petrochemical complexes over the past two years, NIPNA reported.
“In the last two years, about eight billion dollars of equipment and goods required for petrochemical projects have been provided through domestic companies, part of which was first-time construction,” Morteza Shahmirzaei said.
Emphasizing the NPC’s focus on providing domestically manufactured parts and equipment for its projects, Shahmirzaei said: “[In the past two years] about 10 billion dollars have been spent on providing equipment and parts for petrochemical projects, more than 80 percent of which have been produced by domestic companies.”
He pointed out that about 15 parts and equipment needed by the petrochemical industry were made by knowledge-based companies in the 13th government, adding: “Currently, at most 90 percent and at least 40 percent of petrochemical projects use domestically produced goods and equipment.”
The official assessed the ability of domestic manufacturers of petrochemical equipment and goods as very favorable and stated: “Many Iranian manufacturers are providing services to neighboring countries and Southeast Asian countries, and nine Iranian manufacturers are among the major equipment exporters in global markets.”
Mentioning some of his company’s major strategies, Shahmirzaei said: “The most important part of the National Petrochemical Company’s strategy is to complete the industry’s value chain and support knowledge-based companies, domestic manufacturing firms, and domestic production of catalysts.”
“The government’s strategy in the field of production is to make maximum use of the installed capacity in the petrochemical industry by using the knowledge and capabilities of domestic manufacturers,” he added.