According to the head researcher at the Malek Ashtar University of Technology, Mohammad Reza Sovizi, Iran has acquired the technical know-how to produce polyethylene terephthalate (PET). Said the assistant professor of analytical chemistry that they have been able to indigenize the production of the petrochemical catalyst and Iran is the first country in the region to acquire self-sufficiency in the production of this chemical item which used to be imported.
According to their estimates, this has saved Iran $22 million (annually). Petrochemical industries is among the strategic, and parent industries of Iran in and has achieved great development in this sphere. With regard to abundant raw materials found in Iran, the country has a great potential for generating income and promoting sustainable employment by relying on the petrochemical industries.