Info:
Iran-based Jam Petrochemical Company (JPC) has exported hundreds of thousands of metric tons of petrochemical products, worth hundreds of millions of dollars, to companies throughout East Asia. Many of these products were sold to Iran-based Iran Petrochemical Commercial Company (PCC) for onward shipment to the People’s Republic of China (PRC). JPC has aided PCC in facilitating the use of front bank accounts and companies in order to obfuscate the shipment and sale of Iranian origin petrochemicals. By these means, in mid to late 2021, JPC sold hundreds of thousands of metric tons of petrochemicals worth millions of dollars to PCC with the intent to deliver the goods to the PRC and the Philippines.
PCC was identified pursuant to E.O. 13599 on November 5, 2018, as being wholly owned by the Government of Iran.
Jam Petrochemical Company is being designated pursuant to E.O. 13846 for, on or after November 5, 2018, having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, Iran Petrochemical Commercial Company (PCC).
Lustro Industry Limited to disguise its role in the bulk purchase of petrochemical products from PGPICC and JPC.
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%
Person of Interests:
Majid khamverdi
Mohamad hosein pashne tala
Mohammadreza saeedi
khosro Abbas Nejad
Reza Amiri
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
Pars Special Economic Energy Zone, Jam Petrochemical Co,, Assaluyeh, Boushehr Province 75118-11368, Iran
No. 27 Nezami St., Tavanir Ave, Tehran 1434853114, Iran
Website:
www.jpc.co.ir
www.jpc-ir.com
www.jpcomplex.ir/en/home
Phone:
(+9821) 883 908 04, (+9821) 888 908 73
National ID No.:
10100777300 (Iran)
Registration Number:
32285 (Iran)
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 July 6, 2022 pursuant to Executive Order 13846 for, on or after November 5, 2018, having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, Iran Petrochemical Commercial Company (PCC);
» 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;