Tabriz Petrochemical will soon offer its shares on the Tehran Stock Exchange. This company, with the trading symbol "Shabriz", will be listed on the main board of the second market of the Tehran Stock Exchange in Azar 1404. An introductory meeting for this company has been held with the presence of relevant representatives and consultants to familiarize capital market participants with the activities and information related to the share offering of this petrochemical.
Details of the Introductory Meeting and Future Plans
The introductory meeting of Tabriz Petrochemical is considered one of the stages for investors to become acquainted with the company's operational status and information. The exact time of the initial offering and its details, including the price range and the number of shares available for offering, will be determined after the official announcements from the Tehran Stock Exchange.
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Tabriz Petrochemical and Production Capacity
Tabriz Petrochemical Company is one of the experienced producers of polymer and chemical products in the country, located in northwestern Iran. The design and engineering activities of this complex began in the second half of 1368 and it was commissioned in Dey 1375. This complex operates on a land area of 391 hectares with an annual capacity of approximately 870,000 tons of polymer and chemical products.
The product portfolio of Tabriz Petrochemical includes various types of polyethylene, polypropylene, polystyrene, and ABS as polymer products, and ethylene, propylene, pyrolysis gasoline, toluene, ethylbenzene, and styrene monomer as base and chemical products. These products are used in downstream industries such as plastic production, automotive, home appliances, and construction.
Development and Environmental Plans
Tabriz Petrochemical, relying on its geographical location and access to domestic and foreign markets, is also active in the export of petrochemical products. The export markets of this petrochemical include regional countries as well as European and Asian countries, especially Central Asia and the Middle East.
Among the development projects introduced for Tabriz Petrochemical are the construction of a heavy polyethylene unit with an annual capacity of 310,000 tons and a second unit for ethylbenzene and styrene monomer with an annual capacity of 100,000 tons. These projects have been proposed to develop the company's chemical product chain.
Additionally, projects related to the reuse of wastewater from the Tabriz wastewater treatment plant and waste management and energy consumption optimization are also among the activities of this complex in the field of water resource management and environmental protection.
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