Jam Petrochemical Company

Company Overview

Establishment Date: 1978/05/08

Company Type: Public Joint Stock Company

Field of Activity: Petrochemical

Fiscal Year End: 12/29

Registration Number: 32285

Status: Active

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Company History

Jam Petrochemical Company (Private Joint Stock Company) was registered on August 30, 2000, under registration number 32285, with the Companies Registration Office.
Pursuant to the resolution of the Extraordinary General Assembly dated September 15, 2008, the Company’s legal status was changed from Private Joint Stock Company to Public Joint Stock Company.

Jam Petrochemical Company (Public Joint Stock Company) operates in the field of production and sale of petrochemical products.

Company Mission

The Company’s mission, pursuant to Article 2 of the Articles of Association, is to operate in the field of production and sale of petrochemical products, as well as to provide design, consultancy, supervision, execution, and maintenance services for machinery within the petrochemical industry.

Shareholding Structure

Shareholder Name	Number of Shares	Shareholding Percentage
Civil Servants Retirement Fund Investment Company	3159978917	22.9
Civil Servants Retirement Fund	3154498186	22.86
Tamin Oil, Gas and Petrochemical Investment Company	2258249957	16.36

Products and Services

Product Group	Unit	Product Name	Capacity
Olefin	Ton	Ethylene	1,320,000
Olefin	Ton	Propylene	305,000
Olefin	Ton	Pyrolysis Gasoline	216,000
Olefin	Ton	Fuel Oil	40,000

Competitive Advantages and Honors

It is the fifth-largest producer in Iran’s petrochemical industry and one of the largest olefin production complexes in the Middle East.

Projects

Project Title	Description
ABS-RUBBER Production Line	The most important development project of Jam Petrochemical and one of the Company’s key strategic objectives is the production of ABS (Acrylonitrile Butadiene Styrene), which will be constructed in Phase 2 of the Pars Special Economic Zone (Assaluyeh). According to this project, which is expected to be commissioned in 2018, an annual capacity of 200,000 tons of ABS and 36,000 tons of RUBBER will be produced. The primary application of ABS is in the production of electronic appliances, followed by automotive equipment and components. Since major ABS producers are located in East Asia, Iran’s proximity to the European market provides a competitive advantage for this product by reducing transportation costs and delivery time. Another competitive advantage of producing this product is the reduction in raw material production costs, as Iran is one of the major producers of naphtha and LPG and, consequently, a global producer of ABS feedstocks such as styrene and butadiene.
PDH/PP Project	The execution of the PDH/PP project commenced in 2017, and an amount of IRR 984 billion—mainly related to licensing and engineering—was paid up to the end of the reported year. According to the resolutions of the Board of Directors, it was decided that the execution of the said project be transferred to the subsidiary company, Polymer Kangan. The project will be implemented through financing facilities.

Project Title

Description

ABS-RUBBER Production Line

The most important development project of Jam Petrochemical and one of the Company’s key strategic objectives is the production of ABS (Acrylonitrile Butadiene Styrene), which will be constructed in Phase 2 of the Pars Special Economic Zone (Assaluyeh). According to this project, which is expected to be commissioned in 2018, an annual capacity of 200,000 tons of ABS and 36,000 tons of RUBBER will be produced. The primary application of ABS is in the production of electronic appliances, followed by automotive equipment and components. Since major ABS producers are located in East Asia, Iran’s proximity to the European market provides a competitive advantage for this product by reducing transportation costs and delivery time. Another competitive advantage of producing this product is the reduction in raw material production costs, as Iran is one of the major producers of naphtha and LPG and, consequently, a global producer of ABS feedstocks such as styrene and butadiene.

PDH/PP Project

The execution of the PDH/PP project commenced in 2017, and an amount of IRR 984 billion—mainly related to licensing and engineering—was paid up to the end of the reported year. According to the resolutions of the Board of Directors, it was decided that the execution of the said project be transferred to the subsidiary company, Polymer Kangan. The project will be implemented through financing facilities.

Location

Contact Information