The performance figures were presented during the company’s annual
general meeting held on June 30, 2026, chaired by Ebrahim Sadeghi,
representative of Parsian Oil and Gas Development Group.
Financial Growth and Operational Continuity
Seyyed Noureddin Mirashrafi, CEO and Vice Chairman of Tabriz
Petrochemical Co., detailed the company's financial metrics, highlighting a 34%
rise in domestic sales value year-over-year. Total output for the fiscal year
surpassed 800,000 metric tons.
The executive noted that the company maintained uninterrupted
operations and complete product lines while executing one of the largest
comprehensive overhauls in its history. Profitability metrics—including gross
profit, operating income, and net profit—sustained an upward trajectory despite
broader macroeconomic challenges and rising input costs for feedstock, energy,
and services.
Strategic Expansion and Bourse Listing
Mirashrafi confirmed that the company has finalized the formal listing
process for its shares on the Tehran Stock Exchange (TSE). The public offering
is intended to expand investment channels, enhance financial transparency, and
secure capital for ongoing capital expenditure programs.
Key development projects currently underway include:
- Heavy
High-Density Polyethylene (HDPE): Construction of a 310,000-metric-ton
capacity plant.
- Ethylbenzene
& Styrene Monomer: Engineering and construction of core
intermediate product units.
- Downstream
Integration: Expansion of polypropylene capacity, energy
infrastructure upgrades, offsite facility construction, and municipal
wastewater treatment and transfer systems.
Energy Efficiency and R&D Breakthroughs
Operational optimization initiatives yielded a 22% reduction in the
energy consumption index and a 19% decrease in water consumption compared to
original plant design parameters.
On the technology front, the company’s research and development
division successfully commercialized several specialized chemical products,
including new colored ABS grades, C5+ hydrocarbon cuts, and expandable
polystyrene (EPS) with reduced pentane content. Localized fabrication of
strategic spare parts also reduced import dependency, supporting downstream
industrial demands.