BAKU, Azerbaijan, Oct. 28
By Elnur Baghishov – Trend:
The production of the Iran’s Shahid Tondgooyan Petrochemical Company in the Bandar Imam Special Economic Zone of Khuzestan Province (south-western Iran) increased by 10 percent, during first seven months of the current Iranian year (March 21 through October 22, 2021), compared to the same period last Iranian year, the company's CEO Reza Ghasemi Shahri said, Trend reports citing the company’s website.
The CEO noted that the company produced about 670,000 tons of products in 7 months, which is about 60,000 tons more than in the same period last Iranian year.
Ghasemi Shahri added that this volume is considered a new record in the 16-year production of the company.
“Over 7 months, the company has eliminated a number of obstacles to production. Thus, the compressors were repaired and a number of equipment was renewed. In addition, the process of replacing the catalysts will begin soon,” he said.
As reported, the company launched its activity in 1998 and it operates in Bandar Imam Special Economic Zone on the 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.
Iran's Shahid Tondgooyan Petrochemical Company produced more than 1.1 million tons of products over the last Iranian year (from March 20, 2020 through March 20, 2021). The company sold about 613,000 tons of products. The company's sales were worth about 100 trillion rials (about $2.38 billion).
Follow the author on Twitter:@BaghishovElnur