In a significant and strategic event, on May 9, 2024 (20 Ordibehesht 1403), Petrola Company and the National Petrochemical Company of Iran (NPC) signed a cooperation memorandum in the Petrochemical Special Economic Zone. This agreement is considered a milestone for the development of downstream industries and increasing the country’s chemical production capacity.

Land Purchase in the Petrochemical Special Economic Zone

According to the agreement, Petrola has purchased land in the Petrochemical Special Economic Zone. With its strategic location, this land offers access to advanced infrastructure, export terminals, feedstock pipelines, and an integrated transportation network. This investment provides an ideal platform for large-scale projects in petrochemical and chemical industries, boosting production capacity and creating sustainable jobs.

Implementation of the Special Chemical Project

A key part of this memorandum is the implementation of a special chemical project by Petrola. This project involves constructing modern facilities for the production of advanced chemical materials using state-of-the-art technology. The output of this complex will not only meet domestic demand but also target global export markets.

Importance of the Memorandum for Sustainable Development

This memorandum is more than a simple business agreement; it is a major step toward the sustainable development of Iran’s petrochemical industry. With Petrola’s entry, production capacity of both base and advanced petrochemical products is expected to rise, strengthening Iran’s position in the global value chain.

Investment Opportunities in the Petrochemical Special Economic Zone

• Access to competitive gas and oil feedstock
• Advanced infrastructure for exports and logistics
• Government support for downstream industries
• Expansion opportunities into international markets with high-value chemical products