The plant, the first within the PGPIC to produce polypropylene,
successfully completed its pilot run in late August and is preparing for an
official inauguration, according to a company statement.
With an annual capacity of 150,000 tonnes, the facility can
manufacture a wide range of polypropylene grades, including random copolymer,
impact copolymer and homopolymer. It will be capable of producing 45 different
grades of polypropylene for use in automotive, medical, textile, home appliance
and packaging industries.
Persian Gulf Petrochemical Industries Investment and Development Co.
(Petrol), a unit of PGPIC, owns 83.6% of Arghavan Gostar directly and
indirectly. The company plans to list part of its shares on the Tehran Stock
Exchange under the ticker “Sharppilen” in the near future.
Polypropylene, sometimes called the “caviar of the petrochemical
industry,” is one of Iran’s key downstream products aimed at supporting the
country’s industrial and export growth.