According to a report by the public relations department of Tondgoyan
Petrochemical Plant, Seyed Reza Ghasemi Shahri, the CEO, explained that due to a
lack of feedstock from Bu Ali Petrochemical, the plant faced two production
halts. However, these issues have now been resolved.
Ghasemi Shahri added that a rise in utility rates had caused the
plant’s profit margin to decrease from 18% to 6%. The cancellation of two
regulatory decrees has helped the company get back on track, ensuring that the
rights of shareholders were not compromised.
He further stated, "Today, Tondgoyan is a rejuvenated company,
and we no longer have concerns about production or technical issues. Our focus
is now entirely on expanding our units, and we are hopeful to surpass last
year's record by the end of this year."
Ghasemi Shahri also noted that the catalyst used in the company's
operations had reached the end of its lifespan, and due to restrictions from
German suppliers, the timely delivery of catalysts by domestic knowledge-based
companies prevented the shutdown of Tondgoyan Phase 2.