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President Attends Agreement Signing Between Petrochemical Zones

President Attends Agreement Signing Between Petrochemical Zones
(Saturday, January 25, 2025) 15:44

TEHRAN (NIPNA) – An agreement for the production of cobalt acetate and manganese acetate was signed between the Petrochemical Special Economic Zone and Shahid Tondgouyan Petrochemical Company in the presence of the President of Iran, Masoud Pezeshkian.

The agreement, valued at 486 billion IRR and 2.3 million EUR, was signed today (Wednesday, January 23) during the President’s visit to Khuzestan Province and his meeting with economic stakeholders. It was inked by Seyed Reza Ghasemi-Shahri, CEO of Shahid Tondgouyan Petrochemical Company, and Mohammad Reza Motiri, CEO of the Petrochemical Special Economic Zone.

Aligned with the goals of expanding the petrochemical industry and boosting efficiency, this agreement marks another step toward supporting knowledge-based companies and national production.

The implementation of this project is expected to save the country 2 million EUR annually in foreign currency expenditures.

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