TAPPICO, with the purchase of Damavand Petrochemical
(Damavand Assaluyeh Energy) shares, became one of the shareholders of the utility
plant.
Through the purchase, TAPPICO, as the largest
and first multi-product holding of petrochemical and oil and gas industry in
the country, completed its product portfolio.
Damavand Petrochemical Utility Plant is a
major complex on Assaluyeh, southern Iran and is a supplier of electricity,
water, steam, oxygen and gas to 25 petrochemical companies and projects in the
region.