Referring to the general unveiling of the plan for setting up petrochemical settlements in the Persian Gulf and the Oman Sea’s borders last week, which took place in the presence of Iran’s vice president, Rashid Ghanei said: “Persian Gulf Holding, under the guidance of Mr. Ali Askari, the CEO of the holding, is focused on developing more petrochemical parks in the southern coast of the country, and we, at Petrol Group, are also looking for ways to manage the financing of this project.”
The assistant of the Persian Gulf Holding’s CEO in the development of knowledge-based and downstream industries further stated: “Our greatest concern is to get assistance from the active and large industries of the country, both in the complementary and downstream chemical industries such as pharmaceuticals. In this regard, we are interested to benefit from the chemical industries’ knowledge in these parks. In addition, the raw materials are available for many industries, and in fact, it is possible to have a joint investment in this field.”
Pointing out that Petrol seeks to create added value, generate and increase the shareholders’ income and increase finances for the Persian Gulf Holding Group and the country's economy, Mr. Ghanei said: “Our forecast is that within a 3 to 4-year plan, the portfolio of Persian Gulf Holding products will be moved towards the downstream chain and will not be exported in its current form. At least in the complementary industries, the products in the value chain should be finalized and, therefore, increase the country’s finances.”
He stated that the benefit of today's memorandum of understanding between the two groups will be increased profits and finances for shareholders and for the country's economy, and said: “Meanwhile, one of the goals that the country has been pursuing in recent decades is to create added value in industries. Towards this goal, the creation of added value in petrochemical complementary industries will come to fruition. We hope to make optimal use of the capacity of chemical industries in the downstream Petrol parks and Persian Gulf Holding in the form of this memorandum.”
In the continuation of this ceremony, the CEO of Iran Chemical Industries Investment Company also pointed to the importance of high-tech production and said: “Based on the competitiveness index of the world's largest companies, it seems that our country needs a more serious program to move towards this field. The main reason is that more capacity exists in our country and it is possible to have a better position than many countries in the world.”
Referring to the focus of Iran's chemical industries on the issue of producing new products and investing in the field of increasing added value, Mr. Saeed Zarandi said: “I believe that we should move the country's petrochemical and chemical industry downstream, and towards this several memorandums are also being pursued.”
