Jam Petrochemical

Serves as a project implementing company for National Petrochemical Company, which owns about half of Jam shares

Status:Medium Alert – Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.

Risk Level:unknown %

Info:
Serves as a project implementing company for National Petrochemical Company, which owns about half of Jam shares;

Intended recipient of air-cooled screw chillers, the procurement of which was denied on November 6, 2006, by a member state of the Nuclear Suppliers Group (NSG);

Reportedly produces ethylene, propylene, HDPE, olefin and butanediol;

Reportedly the largest manufacturer of ethylene in the world;

Reportedly its Olefin Unit is set to become operational in the Pars Special Economic Energy Zone in March 2008 and will be the largest in the world, according to Beigi;

According to a statement reportedly made by Beigi in April 2007, 90 percent of Jam’s total production is exported, and it aims to expand export of polymer products;

Shareholders according to their official website are:
1 Civil Pension Fund Investment Company – 23.25%
2 Civil Pension Fund – 22.86%
3 Tamin Petroleum and Petrochemical Investment Company(Public Joint Stock) – 22.69%
– TAPPICO, a leading investment holding company with 32 management companies and subsidiaries active in oil, gas, petrochemical, tire, and cellulose industries owns a significant share in production and entrepreneurship in Iran;
4 Edalat Stock broking company/ Provinces Investment Company – 15.00%
5 Iranian Investment Group – 5.08%
6 Blocked shares (Privatization Organization) – 1.9%
7 Preference shares – 0.60%
8 Others – 8.63%

Also Known As:
Jam Petrochemical Company
JPC
Jam Petrochemical Complex
Jam

Involved In:
Nuclear Weapon Program
Missile Weapon program

Country:
Iran

Address:
767 Avenue Enghelab, College Cross, corner of Shahid Saedi, Tehran, Iran
P.O. Box 14155-6589, Tehran, Iran
No. 676, Hafez St., Engheleb St., Tehran, Iran
P.O Box 14155/6589/6591, Tehran, Iran
767 Enghelab Avenue, 15996, Iran
Pars Special Economic Zone, Assaluyeh, Boushehr Province, Iran

Website:
www.jpc.co.ir
www.jpc-ir.com
www.jpcomplex.ir/en/home

Phone:
(+9821) 883 908 04, (+9821) 888 908 73

Person of Interests:
Majid khamverdi
Mohamad hosein pashne tala
Mohammadreza saeedi
khosro Abbas Nejad
Reza Amiri

Person of interests:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on May 31, 2013, pursuant to Executive Order 13622;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties;