13 Dec 2021
News ID: 103
With the signing of the contract for the SSP-C project between Chagalesh Consulting Engineers and Shahid Tondgooyan Petrochemical Company;
Ghasemi Shahri stated that the contract value of the SSP-C project is about ۳۰ million Euros and said: The financial and capital resources of this project are provided entirely from the internal resources of Shahid Tondgooyan Petrochemical Company and partly by the banking network.

According to Shahid Tondgooyan Petrochemical public relations and international affairs, the signing ceremony of the contract for the purchase, installation, and commissioning of the SSP-C unit and the agreement with Mellat Bank held in the meeting hall of the Persian Gulf Petrochemical Industries Company (PGPIC).

Jafar Rabiee called Shahid Tondgooyan Petrochemical Company very significant in financial structure andAgreement between Shahid Tondgooyan Petrochemical Company and Mellat Bank Signed to Finance of the SSP-C Project production and downstream industries. He said: The SSP-C project has revolutionized the production of PET, creating a good balance between bottles and textiles grades, and helping the market respond to seasonal demand.

The CEO of Persian Gulf Petrochemical Industries Company referred to the bilateral interaction between the petrochemical industry and banking network and said: These interactions show that the country's banking network has paid its debt to the petrochemical industry.

In the end, the agreement was signed between Mellat Bank and Shahid Tondgooyan Petrochemical Company to finance the SSP-C project, concluded with Chagalesh Consulting Engineers Company. According to this agreement, Mellat Bank will provide facilities up to 30 million Euros from the bank's internal resources for design and development projects in the amount of 50% in foreign currency.

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