The level of investment in Iran’s petrochemical industry will reach a whopping 93 billion dollars by 2025 from currently $53b.

The CEO of the National Petrochemical Company (NPC), Behzad Mohammadi, addressing the opening ceremony of the 13th Iran Plast international exhibition on Sunday said the fair was the most importance event in the plastics industry of the country and the Middle East, saying that it would function as a link between producers and consumers of petrochemical products.

He said 570 Iranian and 35 foreign exhibitors ran stands in the showcase where foreign exhibitors came from such countries as Italy, Russia, India, China, etc. 

Mohamamdi further said that 3 accelerators, 15 startups and 36 knowledge-based companies had participated in the 13th edition of the fair this year.

The official, who is also deputy petroleum minister for petrochemical affairs, further said that the petrochemical industry of Iran received 33 million tons per year of feedstock which would mount to 62 mt/y by 2021 and was planned to reach 74 mt/y by 2025.