Tondgoyan Petchem Plant Completes Largest Overhaul

Tondgoyan Petchem Plant Completes Largest Overhaul
(Tuesday, January 21, 2025) 15:38

TEHRAN (NIPNA) – The CEO of Shahid Tondgoyan Petrochemical announced the successful completion of the largest overhaul in the company's history, which was carried out over 45 days.

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.

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