Addressing a press conference on Monday,
Peyvandi said petrochemical companies need to enhance their unity if they are
to progress in the path of development and increased efficiency.
He said joint trade must be practiced by petrochemical
plants for export of products, adding there are many troubles in export of petrochemical
goods for petrochemical exporters in Iran which can be fully addressed by
ensuring joint trade of petrochemical exporters.
Peyvandi said a united petrochemical company
must be formed in Iran to represent all of the industry in international arenas.
One of the leading petrochemical holdings
in Iran, TAPPICO has stocks in all petrochemical companies in the country
including Persian Gulf Petrochemical Industries Company (PGPIC) with 8.5% ownership.
Moreover, the company has the lion's share
of many key energy and petrochemical projects in Iran including Persian Gulf
Star Gas Condensate Refinery.
Launched in 2002, TAPPICO is one of the
subsidiaries of Social security Investment Co. (SSICO). It has had a rapid
growth and development within a 13-year period.
With 32 management companies and
subsidiaries in oil, gas, petrochemical, rubber and cellulose industries,
TAPPICO owns a significant share in the country’s employment and production.
Currently more than 18,500 people are
directly employed in TAPPICO Holding and its subsidiaries.
Also with a high variety of production in
the member companies of this group, especially producing 10 out of 12 products
in the global index of petrochemical products (IPEX), it is considered as one
of the world’s top companies with diverse products.
Moreover, from 2007 to 2014, the company
has had an average annual profitability of more than 80% which is indicative of
the TAPPICO’s orientation towards sustainable development and rapid growth.
With regard to the vast oil and gas
reserves and expert workforce, TAPPICO’s Board of Directors’ approach has been
to extend investment in attractive areas of value chain of oil, gas, and
petrochemical industry. The company aims to expand establishment of effective
and win-win relations with national and international established companies for
the purpose of joint investments; it also welcomes financing and other valuable
offers for further effective cooperation.