Iran annually needs 29,000 tons of catalysts worth $700 million for the petrochemical, refining and gas sectors, the head of the Catalyst Technology Development Department of the Research Institute of Petroleum Industry said.
“Less than 30% of the total need, worth $123 million, are produced by domestic companies and the rest has to be imported,” the Oil Ministry’s news agency Shana also quoted Mehdi Rashidzadeh as saying.
The National Petrochemical Company is determined to indigenize all major catalysts used in the industry with the help of startups to accelerate the completion of petrochem value chain, he added.