Investor Update April 2022
Gas Business : Gas Separation Plant (GSP)
QoQ: GSP performance improved from higher average selling prices despite lower 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
Unit: $/Ton
ptt
1,592
U-Rate
88.5%
84.6%
87.8%
90.0%
85.0%
૨૦૨
1,533
1,540
LDPE 14%
1,398
1,239
1,285
LLDPE ▲ 8%
1,146
1,191
1,185
1,252
HDPE 10%
Unit: kTon
4%
1,185
979
1,000
955
1,138
1,145
866
983
6,908
847
822
919
Propane* A 27%
3% QoQ
6% YoY
6,639
37
853
43
839
760
884
Pentane (1%)
754
648
593
954
Propane (14%)
500
528
446
464
425
430
423
412
420
458
363
328
LPG✶✶ ▲ 2%
418
Feed Cost*** ▲ 2%
331
307
318
281
281
297
295
300
1Q20
2Q20
3Q20 4Q20 1Q21 2Q21 3Q21 4Q21
2,181
Ethane (31%)
2,199
1,736
6
1,694
1,637
239
205
202
617
NGL (9%)
603
569
521
૨૦૦
513
144
161
144
2,947
3,113
LPG (45%)
761
815
767
* LPG price selling to Petro customers close to propane **LPG Domestic ***feed cost calculation per GSP production volume
Key Highlights
+ Higher average GSP's selling prices following referenced global petrochemical prices
Decreased sales volume due to petrochemical feed switching and lower gas supply
Feed cost slightly increased
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
4Q20
3Q21
4Q21
2020
2021
+
Lower feed gas cost
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