Jun 22, 2024 00:35

Iran Petchem Industry 4% More Efficient Year-on-Year

Iran Petchem Industry 4% More Efficient Year-on-Year
Iranian petrochemical plants raise their yield by 4% year-on-year during the previous Iranian calendar year which ended on March 19, head of Iran's National Petrochemical Company (NPC) said.
Addressing a petroleum conference here in Tehran on Saturday, Marziyeh Shahdaei said the rise in petrochemical yield is a manifestation of materialization of Resistive Economy in the Iran.
Shahdaei, who is also deputy petroleum minister in petrochemical affairs, said the petrochemical industry of Iran as a manifestation of the economy.
Resistive or resistant economy, instructed by the Supreme Leader, is a long term policy aimed at localizing development theories.
"The petrochemical sector turns raw materials to highly value-added, exportable items and several key steps have been taken in Iran to complete the sector's value chain as required by the economy of resistance," Shahdaei added. 
The official added that the company is moving in line with goals of the 6th 5-year development plan (2016-2021) by making the most out of domestic capabilities and reducing the country's dependency on foreign sources. 
She said NPC has saved $4.6b in natural gas consumption in petrochemical plants by adopting a set of strategies for optimization of energy use in the plants.
Apr 26, 2016 17:24
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