On October 3rd, 2022 at the signing ceremony of the memorandum of cooperation between ‘Persian Gulf Petrochemical Complementary Industries Investment and Development Group (PETROL)’ and the ‘Masterbatch and Polymer Compound industries Producers Association of Iran (IMPA)’, Mr. Ghanei pointed out that the serious plan of the ‘Persian Gulf Holding’ is to complete the value chain and increase the added value of the products. He also stated: “Usually the large companies carry out the whole project by themselves, from planning to implementation and financing, therefore they have the least contact with non-governmental organizations (NGO).”
“Whereas many non-governmental organizations operate in a more professional manner than companies, ‘Persian Gulf Holding’ accepts this fact and seeks to utilize public and private capabilities as much as possible, this way we will have more of a supporting, guiding and providing the capital role.” He continued.
The CEO of ‘PETROL’ mentioned: “most of the export products of Iran's petrochemical units do not have a high added value and masterbatch and compound sector is one of them. Based on this memorandum, the capacities of ‘Masterbatch and Polymer Compound industries Producers Association (IMPA)’ will be used in the field of future product design, business development and Global markets.”
Mr. Ghanei said: “We hope that these cooperations will lead to the strengthening of the private sector as well as completing the chain and preventing crude sales.”
An exact observation on the industry and market by associations.
Mahdi Ghorbani, the vice president of governance, shared services and the systems of the ‘Persian Gulf Petrochemical Industries Group’, also pointed out that: “communication with associations, scientific centers and non-governmental organizations is one of the objectives and policies of the Persian Gulf Holding”. He also stated: “Using these capacities will result in creating values and completion of the value chain.”
He continued: “Associations and guilds can be an intermediary link in this field and are very effective as decision-making elements because they can accurately observe the realities of the market and industry and facilitate this communication. This memorandum will be a lead-up to expand the Persian Gulf Holding’s connections with other associations and non-governmental organizations that are active in this field.”
Moving on the path of constant development.
In this ceremony, Saeed Zokaei, the Chairman of the Board (COB) of the ‘Masterbatch and Polymer Compound industries Producers Association of Iran’, also stated: “Due to the existence of a complete raw, intermediate and final materials chain and also educated people, the development of the petrochemical and polymer industry is one of the country's priorities.”
He also stated: “the average export value of our plastic products is about 1,500 dollars, which is still far from the world and leading countries’ average. Investment and planning in this sector will rise the value of each ton of Iranian plastic products per dollar and therefore increase wealth, decrease the unemployment rate and favor prosperity for the country.
The COB of Directors of the ‘Masterbatch and Polymer Compound industries Producers Association of Iran’ also mentioned that this association has a complete knowledge of markets and new products and most of the members of this association are knowledge-based companies.
Mr. Zokaei emphasized that this cooperation can assist in developing the exports and the design of raw materials to move forward in the path of constant development.
