A brief introduction of division
Petrochemicals: Based on the availability of feedstock at a premium rate, large number of operating petrochemical plants, technical expertise and a vast local market coupled with extensive experience, Iran's petrochemical industry with its solid foundations promises a bright future for investment. Benefitting from this opportunity and focusing on cutting-edge technology, PEDC is studying many specialized upstream and downstream petrochemical projects of high value-added to achieve a suitable rate of return and a fair market share. PEDC’s general strategy involves establishment of plants with the emphasis on value creation in petrochemical value chains.
Refineries: Local refineries can currently supply almost 70% of national demand while the country depends on imports for the remaining 30%.. Meantime, refineries in Iran enjoy the advantage of feedstock availability at a competitive price. These opportunities coupled with the strategic location of Iran in the Middle East furnish the right environment for building new refineries. To participate in this flourishing market, PEDC envisages a number of projects and locations under study to win a foothold in the local and international markets.