Speaking at the company’s annual general meeting, CEO Mohammad Shariatmadari said the group achieved its highest-ever production volume, underscoring a year of strong operational and financial performance despite external headwinds.
According to Shariatmadari, the group currently has 15 projects under development at the holding level, six at subsidiary complexes and five within Petronas Petrochemical Investment Company (Petrol). These projects collectively represent a combined nameplate capacity of 12 million tons and total investments of 7.25 billion dollars and 158 trillion tomans.
He also highlighted the holding’s focus on talent development and local empowerment, announcing that scholarship programs and support initiatives for students are being expanded under the “Future Leaders of the Petrochemical Industry” initiative, aimed at securing long-term employment for skilled local talent.
Shariatmadari stressed that financial discipline remains a core principle of the holding, noting that no project or product line will be allowed to operate at the expense of shareholders. “We cannot allow shareholder capital to subsidize loss-making production; I will personally prevent that,” he said.
The strong results underscore PGPIC’s position as the country’s leading petrochemical holding and reflect the continued expansion of its downstream investment portfolio.