The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) on Monday described Iran’s petrochemical sector as a cornerstone of the national economy, stating that his company has made significant strides in curbing raw material exports and diversifying the products through large-scale development initiatives and stepping towards value chain completion.
Speaking at the opening ceremony of Iran’s 19th International Exhibition of Raw Material, Plastics, Rubber, Machinery and Equipment, also known as IranPlast 2025, Mohammad Shariatmadari said the event reflects the achievements and aspirations of Iran’s plastics industry, offering a platform to envision its future.
He noted that PGPIC, one of the largest petrochemical holdings in the Middle East, is proud to contribute to Iran’s petrochemical industry’s value chain integration and increasing output and exports of products.
Shariatmadari also emphasized that Iran’s petrochemical industry has secured a prominent position in the national economy by leveraging the country’s vast natural reserves, strategic geopolitical location, and technical expertise.
He added that PGPIC is pursuing value chain integration, reducing dependence on raw material sales and diversifying products through implementing major development projects.
Highlighting the role of IranPlast as a venue for knowledge exchange and showcasing innovative capabilities, Shariatmadari said, “Research and future studies are essential for the petrochemical industry. The PGPIC is responsible for leading in this area and fulfilling its mission as a pioneer in industrial advancement.”
“We believe our mission goes beyond merely producing and selling products. it is about shaping the future of Iran’s petrochemical industry,” he stated.
He added that alongside expanding production capacity, PGPIC places strong emphasis on research and development (R&D), investment in advanced technologies, and support for knowledge-based enterprises.
