9 May 2020 - 14:15
  • News Code: 302684
Jam Petchem Plant Breaks Output, Sales Record

TEHRAN (Shana) -- The director of Jam Petrochemical Company said: "Fortunately, this complex was 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, Nader Kazemian added: "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."

Regarding the pricing of export products and the basis for pricing, Kazemian said: "The prices of the company's exported products are determined through auctions and based on the global prices released by Platts and ICIS."

Jam Petrochemical Plant is run by liquid feedstock (65%) and ethane (35%).

All the ethylene and propylene output of the plant is consumed domestically, he added.

He 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.

News Code 302684

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