Seyyed Mohammad Hashemikia, CEO of Petrofarhang Holding, announced on
Monday that the securities offer—executed via a non-continuous auction
method—marks a strategic pivot in capital mobilization for the export-oriented
chemical producer.
Capital Mobilization via Standardized Forward Contracts
The offering follows the recent listing and official approval of
Sabalan Petrochemical’s 10,000-tonne methanol storage facility on the IEX,
which provides the physical delivery infrastructure needed for secondary market
trading and settlement.
Under the Standard Parallel Salaf framework:
- Liquidity
Generation: The producer secures immediate upfront
capital backed by future methanol production volumes.
- Secondary
Market Liquidity: Investors receive asset-backed commodity
certificates that can be traded on the secondary exchange or held for
physical delivery upon contract maturity.
- Risk
Mitigation: Mitigates corporate financing risks,
diversifies fundraising channels, and enhances market transparency for
downstream domestic industrial users.
Operational Capacity Context
Sabalan Petrochemical—a subsidiary of Petrofarhang Holding and Sepehr
Energy—currently operates Phase 1 with an annual production design capacity of 1.65
million metric tonnes of Grade-AA methanol.
With Phase 2 commissioning approaching, the complex's total production
capacity will double to 3.3 million metric tonnes per annum (MMtpa),
positioning Sabalan among the largest single-site methanol producers in the
Middle East.