Tabriz Petrochemical will hold a presentation session for its initial public offering on Saturday, November 2, 2023, from 14:00 to 16:00 in the amphitheater of the Tehran Stock Exchange. In this meeting, representatives of Tabriz Petrochemical, major shareholders, valuation advisors, and offering and acceptance consultants will be present. The purpose of this session is to introduce the company and provide an opportunity for market participants to become familiar with relevant information regarding its stock offering.
Details of the Initial Public Offering and Production Capacity of Tabriz Petrochemical
The trading symbol of Shatabriz will be listed on the main board of the Tehran Stock Exchange in December 2025. Holding the presentation session is considered one of the key stages for investors to become acquainted with the company's operational status and information in the path of its initial public offering. The exact timing of the initial public offering and its details, including the price range and the number of shares to be offered, will soon be announced through official notices from the Tehran Stock Exchange.
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Tabriz Petrochemical, as one of the producers of polymer and chemical products in northwestern Iran, is located on a 391-hectare site in the southwest of Tabriz, adjacent to the Tabriz oil refinery. This complex was commissioned in January 1997 and has a nominal production capacity of approximately 870,000 tons per year.
Products and Development Plans of Tabriz Petrochemical
The product portfolio of Tabriz Petrochemical includes a wide range of polymer and chemical products. These products include polyethylene, polypropylene, various polystyrenes, and ABS. Additionally, ethylene, propylene, pyrolysis gasoline, toluene, ethylbenzene, and styrene monomer are counted among the basic and chemical products of this company. These products are used in downstream industries, including plastic and packaging production, automotive, home appliances, and construction.
Tabriz Petrochemical also engages in the export of petrochemical products, leveraging its geographical location and access to domestic and foreign markets. Its export markets include Central Asian and Middle Eastern countries, especially European and Asian countries.
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 the establishment of a second ethylbenzene and styrene monomer unit with an annual capacity of 100,000 tons. These projects are aimed at developing the company's chemical product chain.
In the field of water resource management and environmental protection, the project for the reuse of treated wastewater from the Tabriz wastewater treatment plant, waste management, and energy consumption optimization are among the main activities of this complex. The presentation session for Shatabriz is taking place while Tabriz Petrochemical is following the preparation stages for its initial public offering.
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