BAKU, Azerbaijan, November 18. Iran's petrochemical sector will prevent the release of 130 million tons of carbon emissions into the environment annually, capturing most of the emissions soon, the Secretary General of the Iranian Federation of Petroleum Industry Erfan Afzali told Trend.
According to him, the private sector has 127 plans aimed at preventing environmental pollution, and these plans include increasing energy efficiency, collecting carbon emissions, expanding the use of renewable energy, optimizing energy consumption, and enhancing greenery as part of social responsibility initiatives.
Afzali pointed out that over the past six months, Iran's private sector has initiated a process to collect data on all processes related to production from petrochemical enterprises.
As he explained, this data was then analyzed by the private sector, and the analysis revealed that Iranian petrochemical companies have already spent $4 billion to prevent the release of carbon emissions into the environment.
He added that more than 40 petrochemical companies in Iran are currently collaborating with the private sector on these plans. Many steps have already been taken within the framework of these plans, and more actions are ongoing. In the near future, new plans will be implemented with an investment of $1.5 billion.
"Thus, the country's petrochemical sector will single-handedly fulfill Iran's commitments regarding the prevention of carbon emissions into the environment," he stated.
The federation official also mentioned that global support, the backing of investors for the planned initiatives, and the application of technology could accelerate this process.
According to him, using modern equipment and techniques will allow for a greater reduction of environmental pollution.
Afzali also pointed out that the private sector intends to create a market for the sale of carbon emissions in Iran, and thus, carbon collected from the environment can be sold to neighboring countries and regional nations.
Currently, this plan is in its pilot phase, he added.
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