National Petrochemical Industrial Company

What National Petrochemical Industrial Company does

National Petrochemical Industrial Company (NATPET) is a privately held Saudi Arabian polypropylene producer headquartered and operated from a single integrated complex in Yanbu Industrial City. The company was incorporated in 1999 and commenced commercial polypropylene production in 2009, reaching a nameplate capacity of 400,000 MT/Year. NATPET manufactures a structured product portfolio under the Teldene® brand, comprising Homopolymers (multiple H-grade MFR variants), Random Copolymers (R25MLC, R40MLC), and Heterophasic Copolymers (B45ML), serving industrial converters in flexible and rigid packaging, automotive, fibers and fabrics, medical, consumer products, and general industrial segments. Products reach more than 60 countries across Europe, Africa, Latin America, the Middle East, China, and Southeast Asia.

The technical foundation of NATPET's operations is the Spheripol® process technology licensed from LyondellBasell, the global leader in polypropylene licensing. The plant is vertically integrated with an on-site Propane Dehydrogenation (PDH) unit that produces propylene feedstock, providing supply security and raw material quality control. The company's go-to-market is a direct B2B sales model supported by dedicated Procurement, Product Application, and Customer Support teams, with shipments accompanied by Material Safety Data Sheets (MSDS) and an annually updated Regulatory Compliance Product Declaration (RCPD) covering REACH, FDA, EU and China Food Contact, CONEG, California Proposition 65, RoHS, and other international standards. Pricing is quote-based and not publicly disclosed.

In June 2024, LyondellBasell Industries N.V. acquired a 35% equity stake in NATPET for over USD 500 million (one third-party source describes the transaction as a controlling interest), converting a long-standing technology licensing relationship into a deep capital and supply-chain partnership. The company holds ISO 9001, ISO 14001, ISO 45001, ISO 22000, ISO 17025, and RC 14001 certifications and has accumulated multiple regional and global industry awards including the King Khalid Award (1st place, 2014), Arabia CSR Award, Frost & Sullivan Value Chain Leadership Award, and BIZZ and EBA recognitions.

Name

National Petrochemical Industrial Company

Legal name

National Petrochemical Industrial Company

Website

https://natpet.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

NATPET is a Saudi Arabian polypropylene producer operating a 400,000 MT/Year integrated Spheripol/PDH complex in Yanbu Industrial City, selling Teldene® homopolymers, random copolymers, and heterophasic copolymers to industrial converters in packaging, automotive, fibers, medical, and industrial segments across 60+ countries, with LyondellBasell as a 35% equity partner since June 2024.

Ownership category

akta.pro rank

Product category

Polypropylene Resin Manufacturing

NAICS

Petrochemical Manufacturing (325110), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860)

akta.pro industry

PRIMARYIMAEADAD

Polyolefins (PE, PP)

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Petrochemicals & Derivatives

SECONDARYIMAEANAA

Polyolefins (PE, PP)

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Industrial Polymers

Keywords

• Polypropylene resin production
• Petrochemical manufacturing
• Polypropylene homopolymer grades
• Random copolymer polypropylene
• Heterophasic impact copolymer

Headquarters

HQ city

Yanbu Industrial City

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Polypropylene (PP) Resin Sales: Primary revenue generated through the sale of polypropylene resin (Teldene® brand) — Homopolymers, Random Copolymers, and Heterophasic Copolymers — to industrial converters across packaging, automotive, fibers, medical, and industrial segments. Products reach more than 60 countries globally. Each shipment is accompanied by Material Safety Data Sheet (MSDS) and Regulatory Compliance Product Declaration (RCPD).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

NATPET manufactures and globally distributes polypropylene (PP) resin under the Teldene® brand at its 400,000 MT/Year plant in Yanbu Industrial City, Saudi Arabia, using the LyondellBasell-licensed Spheripol® process and an integrated on-site Propane Dehydrogenation (PDH) unit that produces propylene feedstock. The portfolio covers Homopolymers, Random Copolymers, and Heterophasic Copolymers serving packaging, automotive, fibers, medical, and industrial converters across 60+ countries.

Product overview

National Petrochemical Industrial Company (NATPET) operates a single-product-line business focused exclusively on the manufacture of polypropylene (PP) resin, marketed globally under the Teldene® brand. The portfolio is organized as a unified Teldene® brand comprising three structured sub-lines — Homopolymer grades (H03ML, H03BPM, H06ML, H08ML, H12ML, H17ML, H26ML, H25FBF, H04FBA, H35FBF), Random Copolymer grades (R25MLC, R40MLC), and Heterophasic Copolymer grade (B45ML) — all produced at NATPET's facility using the Spheripol® process technology licensed from LyondellBasell, which acquired a 35% stake in the company in 2018 and a controlling interest in June 2024. The different Teldene® grades are tailored to distinct end-use applications, from flexible and rigid packaging to textiles, consumer goods, and automotive components.

Differentiator

Problem solved

Functional benefit

Brands

• Teldene®: Teldene® is the trade name for NATPET's polypropylene product line, offered in homopolymer grades (H03ML, H03BPM, H06ML, H08ML, H12ML, H17ML, H26ML, H25FBF, H04FBA, H35FBF), random copolymer grades (R25MLC, R40MLC), and heterophasic copolymer grade (B45ML).

Products and services

• Teldene® Homopolymer Polypropylene Grades (H03ML, H03BPM, H06ML, H08ML, H12ML, H17ML, H26ML, H25FBF, H04FBA, H35FBF) Homopolymer polypropylene grades covering diverse MFR ranges, used across packaging, textiles, consumer goods, and industrial applications; sold as resin pellets to industrial converters worldwide.
• Teldene® Random Copolymer Polypropylene Grades (R25MLC, R40MLC) Random copolymer PP grades offering improved clarity, impact resistance, and flexibility versus homopolymers; intended for transparent packaging and houseware applications.
• Teldene® Heterophasic Copolymer Polypropylene Grade (B45ML) Impact copolymer PP grade with high impact resistance and stiffness for demanding applications such as automotive components, rigid packaging, and industrial uses.

Quantifiable outcome

• 400,000 MT/Year name-plate polypropylene production capacity
• +4 more outcomes

Named customers1 record

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered flagship, core and minor.

• LyondellBasellflagshipTechnology or Integration · 1 January 2009LyondellBasell licenses the state-of-the-art Spheripol® process technology to NATPET for polypropylene production. LyondellBasell is described as the world leader in polypropylene technology. NATPET has used this licensed technology since plant inception (2009). Additionally, in June 2024, LyondellBasell acquired a 35% stake in NATPET for over USD 500 million to strengthen its polypropylene production capabilities and supply chain, indicating a deep technology and capital partnership.
• Gulf Petrochemical and Chemicals Association (GPCA)coreStrategic or Co-development PartnerNATPET is an active member of GPCA, the regional industry association. NATPET fully supports GPCA's 'Waste Free Environment' (WFE) Day initiative and sponsored the event as part of corporate social responsibility toward environment preservation. On February 20, 2014, NATPET celebrated Waste Free Environment Day with 100 volunteer divers cleaning the sea and an awareness program for school children.
• S.A.TalkeecoreChannel Partner/ Reseller/ DistributorS.A.Talkee maintains NATPET's finished goods warehouse. The warehouse was successfully assessed on January 24, 2017 using the Gulf SQAS warehouse questionnaire, achieving 195/195 (100%) with no improvement action plan identified, covering 'Core' and 'Warehouse Specific' elements.
• King Khalid FoundationminorOthersNATPET has been participating in the King Khalid Award competition since 2010 and was recognized on the victory stand multiple times before winning 1st position in the corporate social responsibility category in 2014. The King Khalid Foundation is a leader in philanthropic and development work in Saudi Arabia.

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• SABIC (Saudi Basic Industries Corporation): Saudi national petrochemicals champion and one of the world's largest polypropylene producers, with diversified polymers, chemicals, and specialty plastics. Same Saudi feedstock base and end markets as NATPET, but vastly larger and more diversified portfolio.
• Reliance Industries Limited: Indian integrated petrochemicals giant with major PP capacity serving Asian and global converter markets. Comparable PP product range and similar positioning in flexible packaging, fibers, and injection molding end uses.
• Sinopec (China Petroleum & Chemical Corporation): One of the world's largest polyolefin producers with substantial PP capacity and integrated refining/petrochemical operations. Competes with NATPET in Chinese and Southeast Asian converter markets with comparable commodity-grade PP products.
• ExxonMobil Chemical: One of the largest global polyolefin producers with significant PP capacity and integrated upstream feedstock. Operates at vastly larger scale but competes directly with NATPET for global PP converter sales.
• LyondellBasell Industries: World leader in PP technology (Spheripol licensor to NATPET) and a top global PP and PE producer, and now 35% controlling shareholder of NATPET. Directly comparable PP product portfolio plus equity and technology relationship make it the most strategically intertwined peer.
• INEOS Olefins & Polymers: Global integrated polyolefins producer with significant PP and PE capacity serving similar packaging, automotive, and industrial converter end markets. Overlapping product portfolio and similar B2B converter customer base.
• TotalEnergies Petrochemicals: Integrated European energy and petrochemicals major producing polypropylene for packaging, automotive, and industrial applications. Overlapping product portfolio and global B2B converter customer base.

Direct peers

• Braskem: One of the world's largest dedicated polypropylene producers and a leading PP supplier to packaging, automotive, and consumer durables converters. Closest international comparable in terms of PP-focused product strategy and global converter customer base.
• Advanced Petrochemical Company: Saudi Arabian producer of polypropylene using a vertically integrated Propane Dehydrogenation (PDH) to PP setup — the closest direct comparable to NATPET in terms of integrated PDH+PP production, MENA footprint, and Saudi feedstock base.
• Borealis AG: Major European polypropylene and polyolefins producer serving packaging, automotive, and consumer durables converters globally. Comparable PP-focused portfolio and grade customization for high-end injection molding and BOPP applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@NATPETMEDIA
• LinkedInlinkedin.com/company/national-petrochemical-industrial-company

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Petrochemical Industrial Company