“We hope that following removal of the sanctions Iran will boost investment in the green technologies,” Peter Bogarz whose company is providing services in refining equipment told Shana on the sidelines of the Iran Petrochemical Forum (IPF) 2015 here on Monday.
“By participating in the conference,” he said , “We are optimistic that investment in such technologies will increase.”
Some 97 foreign companies from 25 countries participated in IPF2015 which shows an increase of 120 percent compared to IPF2014.
More than 15,00 representatives from domestic and foreign firms including Australia, Azerbaijan, Canada, Denmark, France, Germany, Japan, the Netherland, Russia, and US are taking part in the event.
Participants in the IPF2015, one of the world’s most prestigious events representing the petrochemical industry, will discuss the core issues that the industry is facing with the emphasis given to Iran.
It provides an ideal platform where stakeholders and key players in the global petrochemical sector meet to exchange knowledge and address the latest advancements and best practices which are capable of shaping the future of the industry.
Following the historic nuclear agreement, Iran is also using the event to unveil its post-sanctions projects and plans for further expanding the Iranian petrochemical output capacity from the current 60 million t/y to over 138 million t/y in 2020 and eventually to 180 million t/y by 2025 with an investment of over $80 bn.
NPC seeks to use Iran’s natural gas reserves as raw material to produce propylene and propylene derivatives to provide feed for the expansion of local downstream industries.
Your Comment