In the middle of February, Kish Island hosted a large range of petrochemical industry activists. In addition to holding opening ceremony, setting up exhibition space for expanding corporate public relations and holding 30 panels and specialized meetings, as well as signing a 5-way petroleum industry support agreement. An agreement was signed between knowledge-based companies and equipment makers of the petroleum, gas and petrochemical industry with companies producing petrochemicals to experience more localization of the industry’s products and processes more than ever before.
PGPIC Forum 2020 – A Brief Introduction
This national event has been able to achieve the desired goals to a considerable extent. Including strengthening the domestic capacity in the petrochemical industry, reducing dependence on external samples, developing energy-based knowledge companies, interacting with industry stakeholders, helping with the finance of major petrochemical projects in the industry. Upstream and downstream industries, expand cooperation and communication, and most importantly build the spirit and motivation in the petrochemical industry to achieve great horizons in the second and third petrochemical leaps and bounds.
Why Kish Island?
The presence of Iranian oil industry companies in Kish Island and the availability of good hotels and facilities for companies at the same time alongside the Kish Innovation Center – which with the assistance and efforts of the Vice Presidency for Science and Kish Free Zone Organization will be one of The largest and best business affairs of the country – has provided an opportunity for the island to play an effective role in the country’s development, especially in the areas of knowledge-based education. knowledge-based sectors make effort to be active in the petrochemical industry in order to take advantage of the opportunity to establish themselves at the Innovation Center to witness development with the help of all involved in the petrochemical industry. This forum will be a great step forward for the development of the petrochemical industry, the domestic production, as well as the prosperity of the economy.
The outcomes happening during the 2-day event include:
- $ 40 billion new investment in petrochemical industry
- Prosperity of the petrochemical industry in a way to generate capital in the country
- Link from a joint task force on domestic production in the petrochemical industry
- Announcement of Saderat Bank for extensive financing of projects
- Innovative development in petrochemical business and production
- Signing of a 5-sided memorandum
Baharan Tadbir Kish Co., a specialist in domestic and international event planning, was able to successfully execute this event and add it to its records. KishINVEX is another event of the company’s annual affairs.
According to the company’s CEO Aria Hamidian, the goal was to create a convergence between stakeholders and influential actors in a large scale in petrochemical industry. He added: “With the cooperation of Kish Free Zone Organization, The Vice Presidency for Science and Technology, Persian Gulf Petrochemical Industries Company, Society of Iranian Petroleum Industries Manufacturers (SIPIEM), financial and monetary institutions, we have been able to bring together key stakeholders to continue the success of the petrochemical industry in three days.” But the event indicates the impact it has had on the signing of cooperation agreements, conformities and the commitments it has taken to promote it.
The Specialized forum on Supporting Domestic Production in the Petrochemical Industries in collaboration with the Vice Presidency of Science and Technology, Society of Iranian Petroleum Industries Manufacturers (SIPIEM), Persian Gulf Petrochemical Industries Company and other stakeholders in this strategic area was held on February 16th – 18th in Kish Island. More than 30 scientific, specialized, and financial conferences were held during the event that were highly welcomed by executives and experts in the petrochemical industry and other partner sectors.