Powering life with Future Energy and Beyond
Gas Business: Gas Separation Plant (GSP)
QoQ : Outperformed GSP performance due to higher average selling prices and higher sales volume
2021 vs 2020 : Outperformed GSP performance due to higher selling prices & volume as well as lower feed cost
GSP Sales Vol. & U-Rate
GSP Feed Cost vs Petchem. Price
ptt
U-Rate
94.7%
87.8%
90.0%
85.0%
82.8%
1,641
Unit: $/Ton
1,592
૨૦૨
1,533
1,540
LDPE ▲ 3%
1,398
1,239
1,285
1,1461,191 1,185
1,346
1,330
LLDPE ▲ 5%
1,252
HDPE ▲ 6%
Unit: kTon
4%
1,185
979
1,000
I
955
1,138
1,145
866
919
983
6,908
847
884
4% QoQ
4% YoY
6,639
37
853
822
803
Propane* 2%
43
839
760
Pentane (1%)
754
648
593
954
Propane (14%)
500
528
446
464
425
430
423
420
435
412
458
363
328
418
I
I
331
307
318
281
281
297
295
1Q20
2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21
LPG** 4%
300
Feed Cost⭑*** ▲ 2%
306
1Q22
2,181
Ethane (31%)
1,780
2,199
1,703
11
1,637
* LPG price selling to Petro customers close to propane **LPG Domestic ***feed cost calculation per GSP production volume
13
271
11
202
262
617
NGL (9%)
Key Highlights
603
૨૦૦
582
513
487
168
144
133
+
+ Higher average GSP's selling prices following referenced global petrochemical prices
Increased sales volume due to higher demand from petrochemical customers
2,947
3,113
-
LPG (45%)
Feed cost slightly increased
748
767
808
2021 vs 2020
+ Increased GSP's selling prices following global petrochemical prices
+
Higher sales volume according to higher petrochemical demand and lower plants' shutdown
compared to 2020
1Q21
4Q21
1Q22
2020
2021
+
Lower feed gas cost
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