According to the Public Relations Department of the Persian Gulf Petrochemical Industries Company, Mahmoud Aminnejad, Vice President of Planning and Business Development, announced a strategic policy shift regarding the development approach for Hormoz Gulf Petrochemical.
Addressing concerns raised about the previous emphasis on constructing the ethylene unit, Aminnejad stated that after a comprehensive review at the holding level, the exclusive focus on the ethylene unit has been revised. He explained that the majority of available financial resources will now be directed toward expanding the downstream value chain, particularly polyethylene units.
He emphasized that the goal of this decision is to establish a balanced value chain and to increase the efficiency of capital investments in the Hormoz project.