The CEO of Kharg Petrochemical Company, emphasizing the strategic position of this company, considered the revision of the feedstock pricing formula a prerequisite for achieving methane-based development and completing the value chain in this complex.
Komeil Pourziaei, CEO of Kharg Petrochemical Company, referring to the special geographical location, direct access to feedstock, and existing infrastructure on the island, stated: Kharg Petrochemical has a unique capacity to play an effective role in the country’s hydrocarbon value chain and can become an influential processing hub in the petrochemical industry.
He regarded methane-based development as the company’s main strategy and added: This approach is based on optimizing the feedstock composition, increasing processing depth, diversifying the product portfolio, and moving towards producing higher value-added products.
He identified one of the fundamental challenges in achieving this goal as the current feedstock pricing formula and said: The feedstock price must have stability, predictability, and flexibility so that investment in development projects becomes justifiable.
According to Pourziaei, an intelligent revision of this formula with a development-oriented perspective can create the grounds for increasing processing capacity, improving efficiency, and stabilizing specialized employment within the complex.
The CEO of Kharg Petrochemical emphasized in conclusion: With a realistic revision of the feedstock pricing mechanism, this company will be able to fully utilize its existing capacities and further consolidate its position as one of the main drivers of the country’s petrochemical industry.
