BAKU, Azerbaijan, Nov. 19
By Elnur Baghishov – Trend:
Iran's Shahid Tondgooyan Petrochemical Company in the Khuzestan Province (southwestern Iran) set a new record for the production of polyethylene terephthalate (PET) during the first 7 months of the current Iranian year (from March 20 through October 21, 2020), Trend reports citing the company’s official website.
According to the report, the company produced 700,000 tons of PET within the reporting period.
“It is forecasted that more new records will set up on production due to the lack of repair work at the company's plant in the current Iranian year (March 20, 2020 - March 21, 2021) and the solution of several production problems,” the report said.
So, more than 1 million tons of PET is envisaged to be produced by the company by end of the current Iranian year, the report noted.
According to the report, the demand for PET products in Iran is provided fully at present and it is possible to export additional products.
The company launched its activity in 1998 and it operates in Petrochemical Special Economic Zone in Khuzestan Province on an area covering 34 hectares. The Shahid Tondgooyan Petrochemical Company produces PTA (Purified Terephthalic Acid) and PET (polyethylene terephthalate) products.
The company produces more than 1.6 million tons of products a year, and the value of the company's annual production is estimated at more than $800 million. The company operates under the Persian Gulf Petrochemical Industry Company of Iran.