The shares of Iran’s largest biorefinery are listed on the stock market – Tejaratnews

The first joint-stock company of the project and the largest biorefinery in Iran is preparing to be offered in the capital market, and the first offering of this biorefinery in the Tehran Stock Exchange is scheduled to be completed in October of this year.

According to Tejarat News, the conference to introduce the shares of “Gostaresh Sohot Sabz Zagros” company with the symbol “Shagstar” will be held tomorrow (Tuesday, 4th of Mehr) 1402 in the conference hall of the stock exchange company, in order to discuss the current plans and status The company’s finances should be explained and discussed.

The stock offering of Iran’s largest biorefinery under the symbol of Shegstar is scheduled to be completed in Tehran Stock Exchange this year.

Zagros Green Fuel Development Company is a subsidiary of the Iran Industries Development and Modernization Organization and has two bioethanol biorefineries under construction in Kermanshah, Kohgiluyeh and Boyar Ahmad provinces. Idro has invested three thousand billion tomans so far, the first biorefinery will be completed in 1402 and the second one will be completed and put into operation in 1405.

The main goal of these projects is to improve the quality of gasoline used. By replacing fuel alcohol (bioethanol) instead of MTBE, in addition to reducing environmental pollution, the costs of gasoline production refineries are also reduced.

In recent years, bioethanol has been widely favored by developed countries, and the production of this product will increase in the future.

Source: IRNA