Info:
Shahid Tondgooyan Petrochemical Company (STPC) is located in North East of Persian Gulf in Iran. This company has been stablished in 1998 in Special Economic Zone of Imam Khomeini Port Fourth Site, at the Province of Khuzestan in about 34 hectares area for producing Purified Therephtalic Acid (PTA) and Polyethylene Terephthalate (PET);
Pure Terephtalice Acid (PTA) is one of the main raw materials for production of PET. This has extensive applications and consumptions worldwide. PTA is also one of the main types of polyester with wide range of application in POY and Staple for textile industry, bottles, cans, and also used in packaging of food, drugs, health care and plastic films. Its consumption is constantly on rise. PTA-1 was licensed by Tecnimont-Italy and PET-1 was licensed by Zimmer-Germany. Sazeh and Dilam (S. Korea) were jointly responsible for Engineering and Procurement for PTA-1 and Chegalesh and Zimmer (Germany) for PET-1. The major construction, installation and pre-start up contracts started from May. 2000 for PTA1 with ECC and Nov. 2000 for PET-1 with QIEC. Despite QIEC leaving the construction and installation project, the project was finalized by Petrobart and Farayand-Kav consortium and later by Ramico Company. PTA-2 licence was Japanese company MCC and PET-2 was under Noe Valisina Company, Italy. Tomen, MAI and Chegalesh performed the detail designs and procurement for PTA-2. The detail and procurement for PET-2 were Noe Valicinai -Italy and Namoran. The major construction, installation and pre-start up contracts was executed from Oct. 2003 for PTA-2 with Industrial Development Network Company. The Iranian companies wholly carried out the construction and installation;
Designated by the U.S. Treasury pursuant E.O. 13382 for being owned or controlled by PGPIC on June 07, 2019;
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Iran’s largest and most profitable petrochemical holding group, Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the engineering conglomerate of the Islamic Revolutionary Guard Corps (IRGC);
PGPIC, has awarded major engineering, procurement, and construction contracts to the IRGC’s Khatam al-Anbiya, generating hundreds of millions of dollars for an IRGC economic conglomerate that stretches across Iran’s major industries;
Iran Regime income from petrochemical companies uses to sponsor terrorist organizations, sponsor terrorist attacks around the world, develop nuclear weapons of mass destruction and build new missiles to threaten to destroy other countries;
Industry:
Oil Industry
Involved In:
Nuclear Weapon Program
Also Known As:
Shahid Tondguyan Petrochemical Company
Shahid Tondgoyan Petrochemical Co.
Shahid Tondgooyan Petrochemical Co.
Shahid Tondguyan Petrochemical Company
STPC
Country:
Iran
Address:
Petrochemical Special Economic Zone (PETZONE), Iran
Valiasr Street, Above Vanak Square, Shahid Daman Afshar, Plain No. 50, Tehran 1969753111, Iran
Khuzestan Imam Khomeini Port Special Economic Zone, 4th Shahid Tondgoyan Petrochemical Company 6356174196, Iran
P.O. Box 333, Iran
Website:
www.stpc.ir
E-mail:
info@stpc.ir
Reason for the color:
Seyed reza ghasemi shahri (CEO)
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;