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Plant Signed Deal to Boost Output

Plant Signed Deal to Boost Output
(Saturday, December 11, 2021) 16:21

TEHRAN (NIPNA) – Shahid Tondgouyan Petrochemical Company has signed a contract for the purchase, installation and commissioning of an SSP-C unit with the aim of increasing the production capacity of the plant by 450 tons per day and production of bottle grades in the "poly c" unit.

According to the Persian Gulf Petrochemical Industries Company (PGPIC), a ceremony was held on Wednesday to sign the document in the presence of PGPIC CEO and the CEOs of Tondgouyan and Chegalesh Company.

Seyed Reza Ghasemi-Shahri, CEO of Shahid Tondgouyan Petrochemical Company, addressing the ceremony, stated that the value of the contract is about €30 million, adding that the financial and capital resources of the project will be provided entirely from the internal resources of the company and partly from the banking network.

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