Secretary of National Petrochemical Complementary Industries Mohammad Ziar said "Currently, Iran produces a series of most high-quality petrochemical products of the world. Despite sanctions, part of the petrochemical products of the country are exported to Europe, the reason for which lies in the high quality of Iran’s petrochemical products.”
Ziar added that the government’s policy is to progress toward incorporating new technologies into upper and complementary petrochemical industries.
"Therefore,” he added "with ample raw material, Iran has the ability in long term to deliver standard, high-quality complementary petrochemical products to the international market.”
He pointed out that the rate of interest in petrochemical industries is about 50 percent and that the original investment will return in two years.
He also said that the development of complementary industries will eliminate the need to import raw material for different industries and will contribute to currency savings.