Petchem Plant Breaks Output, Sales Record

(Sunday, May 10, 2020) 12:21

TEHRAN (NIPNA) – Iran’s Jam Petrochemical Company has been able to achieve a new record in production and sales last [calendar] year by supplying more than 2.5 million tons of various items.

According to the company’s public relations, Nader Kazemian, the CEO of the facility, said: "This year, we will be trying to improve last year's performance, although given the impact of coronavirus on the global economy, this goal is associated with challenges."

The prices of the company's exported products are determined through auctions and based on the global prices released by Platts and ICIS, Kazemian said.

He went on to added that Jam Petrochemical Plant is run by liquid feedstock (65%) and ethane (35%), adding all the ethylene and propylene output of the plant is consumed domestically.

The official further added that in addition to the sale of some products, such as ethylene, which is only sold as an inter-complex item, 65% of the products produced in the polymer and butadiene sections have been exported and the rest have been sold on the stock market.

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لوگو- نیپنا

National Petrochemical Company