Huge Petchem Investment Opportunity for Iranian Knowledge-Based Firms

The Managing Director of the Petrochemical Special Economic Zone Organization said: “We are supposed to establish an innovation center in the Petrochemical Special Economic Zone, which will provide a whopping US$30 billion investment opportunity for knowledge-based companies.”

According to the Special Petrochemical Economic Zone Organization, Payam Barzegar added that with the efforts of knowledge-based companies, “we will build an innovation center in the region. One of the lofty goals for the development of the petrochemical industry is to use the capacity of knowledge-based companies to overcome problems, remove obstacles and jump in production and export volumes.”

He added: “There will be a huge capacity of US$30 billion in the Petrochemical Special Economic Zone for the presence and effective activity of knowledge-based companies.”

The CEO of the Special Petrochemical Economic Zone Organization stated: “The technological needs of the petrochemical companies in the region have been recognized and introduced to the knowledge-based companies. Certainly, the knowledge-based companies will play an essential role in the petrochemical industry and make necessary changes in the Petrochemical Special Economic Zone.”

 It is worth mentioning that the Special Petrochemical Economic Zone Organization is located in 2,850 hectares of land in the south of Khuzestan Province. Over 18 million tons of petrochemicals are annually produced in the region. - Shana