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Ethylene output dips at Jam petrochemical in H1
11
Nov '13
Recently, Mr. Sepahdar Ansari Nik, the managing director of Jam petrochemical complex, presented a comprehensive activity report of the first six months of the year 2013.

Having compared Jam petrochemical complex performance in production and export with that in the previous year, he pointed out that, in comparison with the previous year, the amount of liquid feed for Jam Petrochemical complex has increased by 42% and the total value of the received feed has increased by 150%.

Although, in comparison with the first six months of the previous year, gas use has been decreased by 25%, the total price has increased because of using the same amount of liquid feed. Due to fluctuations in reference currency rates, the price of gas has increased in comparison with the first half of the previous year.

Having mentioned the positive assessment of production trend in the first six months of the year 2013, Mr. Ansari Nik added that due to reduction of gas feed, Ethylene production rate has decreased by 5%, that is, 25000 tones.

On the other hand, due to increase in liquid feed taking, Propylene production rate has increased by 6.61%, which is quite noticeable in the profit of Jam Propylene Company. Further, in comparison with the first six months of the previous year, we managed to increase the production rate of Pyrolysis Gasoline by 17%.

Regarding the production trend of other Jam petrochemical products, Mr. Ansari Nik emphasized that with the cooperation of all Jam staff, in comparison with the first six months of the previous year, the production rate of Polyethylene and Butadiene have increased by 5% and 30%, respectively. Overall, in the first half of the year 2013, the total production rate has increased by 4.5%.

Considering sales total value of about two thousand and four hundred milliard Rials, he pointed out that in comparison with the first six months of the previous year, total sale value (in Rial) of the first six months of this year has increased by 100% and the exports rate has increased by 60%, that is, 145000000 USD; weighted distribution of export and domestic sales were 30% and 70%, respectively. Of this 70% domestic sale, 8% has been sold in commodity exchange and 92% among the domestic complexes. The important point is that 50% of sales total value (in Rials) is related to export sales.

From among 290000 tones of the produced polyethylene in the first six months of the year 2013, 616.197 thousand tons were exported which constitutes 7.70% of total Polymeric products. Moreover, 72.8% of petrochemical products (liquid, gas) were exported; and approximately 52% of total polymeric products of Jam petrochemical complex were offered in commodity exchange, only 26% of which was transacted.

In comparison with the first six months of the previous year, the profit of the company in the first half of the current year has increased approximately 5900 Milliard Rials which shows an increase of about 400% and covers 96% of the scheduled plan. Further, balance of accounts earnable and accounts payable shows that totally the ratio of the company’s total credit to its current debt is 26% higher.

Having thanked Board of directors and other directors and Jam petrochemical Complex staff, Mr. Ansari Nik expressed his hope for more development in Jam petrochemical complex with the attempts of all staff in order to satisfy the shareholders and beneficiaries.

Jam petrochemical


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