The Director of Downstream Industries Development at the National Petrochemical Company announced the company’s strategic plans for completing the value chain and advancing downstream industries. He highlighted two main approaches: “new investments in emerging sectors within the value chain” and “activating idle and semi-active capacities to achieve sustainable production.”
He also mentioned that the production of specialized grades required by downstream industries is carried out in collaboration with petrochemical complexes and the National Petrochemical Research and Technology Company. These initiatives are knowledge-based, requiring advanced scientific studies and access to cutting-edge technologies.
Regarding raw material supply, plans are in place to ensure the availability of materials according to the needs of downstream industries, alongside managing credit offerings for products such as PVC as part of the core activities of this division. Strategic cooperation with governmental institutions, including the Ministry of Industry, Mining, and Trade, and related agencies is also emphasized.
In the technology sector, small-scale projects with complex processes and high added value are supported and introduced to investors to facilitate their development. These initiatives aim for balanced development in the value chain, focusing on transforming intermediate products into high-value final products, particularly in various provinces and less-developed regions.
The Director of Downstream Industries Development emphasized that the previous focus on raw material exports had hindered the growth of downstream industries. However, with the current shift in strategy, efforts to enhance value-added production and complete the value chain have significantly increased.
