Petchem industry nearing 100-m-ton production capacity: NPC
The CEO of the National Petrochemical Company (NPC) announced that the petrochemical industry is on the verge of reaching an annual production capacity of 100 million tons.
Hassan Abbaszadeh stated that required feedstock has been delivered to several petrochemical units, which are expected to become operational within the next few months, Shana reported.
The NPC head emphasized that developing the complex petrochemical industry is highly challenging without the use of modern management systems. He noted that the petrochemical industry is a leader in adopting advanced systems.
Abbaszadeh also emphasized the importance of management in the petrochemical industry’s evaluations, noting that the sector is significantly influenced by political and international issues alongside domestic challenges.
The NPC head stressed that flexibility and preparedness of managers to adapt to environmental changes are crucial for navigating organizational challenges.
He called for greater attention to artificial intelligence in the petrochemical industry, urging companies to focus on the transformative potential of AI.
Abbaszadeh also highlighted the importance of managers having a comprehensive understanding of the business landscape and ongoing developments.
He described human resources as the most valuable asset and urged company leaders to treat employees with respect and warmth, as their satisfaction is key to driving progress and further developing the petrochemical industry.
Need for sustainable development
Meanwhile, Afshar Bazyar, the new CEO of Shastan Commercial Investment Company, said on Saturday that the petrochemical industry is currently one of the pillars of the country’s economy, with sustainable development playing a critical role.
He defined sustainable development as designing a value chain to optimize production, reduce environmental impacts, increase profitability, and fulfill social responsibilities.
Bazyar emphasized the necessity of completing the value chain, diversifying the feedstock portfolio, updating technologies, and developing target markets in the petrochemical industry. He added that increasing investments in the sector is essential to achieving planned goals.
He pointed out Iran’s opportunities and advantages for investment in the petrochemical industry, including rich hydrocarbon resources, skilled workforce, and access to open waters for exports.
Bazyar concluded by recommending greater focus on energy management, recycling, and circular economy practices in the petrochemical industry. He suggested that the NPC implement an integrated system across all industry processes to further enhance the improvement and excellence of the sector.