Abbas Karimi, CEO of Shazand Petrochemical measures such as the overhaul of the complex after 11 years and the correction of the feedstock rate have had a positive impact on the production and sustainable profitability of the complex.
He noted that the last major overhaul of the complex in this volume was in 2014, and the recent overhaul was even larger than the previous one. He said it was completed without incident, and the company is in the phase of launching and stabilizing the units.
Regarding the correction of Naphtha feedstock price, he said that the price has returned to the previous routine since the beginning of July, which will definitely affect Sharak’s profitability.
Regarding the change in sales terms from FCA to CFR and CPT in some products such as PBR and ethanolamine, Karimi stated that the company’s sales vary according to the profit margin and may be delivered to the factory door or delivered to the customer. This method may change in different periods. For example, the sales term may be CFR in some products at times, which depends on the market and the customer.
Regarding what grades and new products, the company is currently planning to produce, the CEO of Shazand Petrochemical said the company plans to have a variety of Shazand Petrochemical grades, given the diversity of the complex’s units. It has 17 operational units and has planned to produce grades with higher profit margins that will be profitable.
Regarding whether the capital increase will be used in the company’s development projects, Karimi noted that the company will use this capital increase in the benzene separation project.
