TEHRAN – As one of the biggest events in Iran’s petrochemical industry, the 11th edition of Iran’s International Exhibition of Plastics, Rubber, Machinery and Equipment (Iran Plast 2017) kicked off in Tehran on Saturday, Shana reported.

Iranian Vice President Es’haq Jahangiri, Oil Minister Bijan Namdar Zanganeh and National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaie visited the exhibition after attending the opening ceremony.

‘Petchem revenues set to rise to $40b by 2021’

In the opening ceremony, Zanganeh mentioned the inauguration of some new petrochemical plants in the country saying: “Based on the Sixth Five-Year National Development Plan (2016-2021) the value of the country’s petrochemical output will increase to $40 billion per annum.”

According to a report by Shana, Ali-Mohammad Bossaqzadeh, the production control director of National Petrochemical Company (NPC) had announced in July that the country’s petrochemical output rose five percent during the first five months of the current Iranian calendar year (March 21-August 22), compared to the same time span in the preceding year.

Meanwhile, Iran exported over 9 million tons of petrochemical products worth $4.593 billion during the first five months of this year. 

Over 1100 domestic and foreign exhibitors are participating in Iran Plast 2017 with the number of foreign participants increased by 21 percent compared to the last year’s exhibition.

During the four-day exhibit, Iranian exhibitors along with renowned companies and firms from countries like  Germany, China, India, Cyprus, Taiwan, France, Italy, South Korea, Finland, Switzerland, Austria, Serbia, Luxembourg, Belgium, Thailand, Czech Republic, Greece, Denmark, the Netherlands, Spain, United Arab Emirates, Japan, Turkey and etc. are showcasing their latest products and achievements in plastics and rubber industry.

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PHOTO: First Vice President Es’haq Jahangiri (C), Oil Minister Bijan Namdar Zanganeh (R) and National Petrochemical Company Managing Director Marziyeh Shahdaie (L) visited Iran Plast 2017 on Saturday.