Arya Sasol Polymer

What Arya Sasol Polymer does

Arya Sasol Polymer Company (ASPC) is an Iranian integrated petrochemical complex located in the Pars Special Economic Energy Zone (PSEEZ) in Assalouyeh, Bushehr Province. Founded in 2002 as a joint venture between Iran's National Petrochemical Company and South Africa's Sasol, the complex was spun out of Pars Petrochemical Company and became fully Iranian-owned in 2013 when Pars Tamin Majd acquired Sasol's stake following international sanctions. ASPC operates the largest gas olefins unit in Assaluyeh, with a 1.1 million ton/year ethylene cracker feeding a 375,000 ton/year LDPE plant (under SABTEC CTR license) and a 375,000 ton/year MD/HDPE plant (under Basell Lupotech G license), plus a 100,000 ton/year C3+ by-product stream.

The business monetizes polyethylene (LDPE, MDPE, HDPE) and olefin output across packaging, construction, automotive, and industrial applications. Domestically, polyethylene products are sold exclusively through the Iran Mercantile Exchange (IME); internationally, ASPC exports directly via email-based Letter of Intent (LOI) processes to markets including Vietnam (with Petrolimex as anchor importer), Russia, China, Pakistan, and, since FY1403, South America. The company supplements product sales with ISO/IEC 17025-accredited laboratory services and storage/warehousing in PSEEZ. In FY1403 (ending March 2024) ASPC generated 504 trillion rials in revenue (49% YoY growth) on 1.195 million tons sold.

ASPC's go-to-market is sales-led and event-driven, anchored by recurring presence at Iran Plast, VietnamPlas, and MEICA EXPO exhibitions, alongside ambassador-facilitated B2B engagement. It has invested heavily in a domestic localization program that has reverse-engineered 1,300 sensitive industrial parts and localized DCS control system upgrades, reducing both foreign-exchange exposure and unit downtime. The company maintains a knowledge-based center (established 2021 under Presidential Science and Technology) and produces the specialty LEC1969 grade, previously manufactured by only three global producers. ASPC is publicly traded on Iran's stock market via stock.aryasasol.com and is led by CEO Mohammad Reza Heydarzadeh.

Name

Arya Sasol Polymer

Legal name

Arya Sasol Polymer Company

Website

https://aryasasol.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Arya Sasol Polymer Company is an Iranian integrated petrochemical complex in Assalouyeh producing ethylene, LDPE, MDPE, and HDPE, serving domestic packaging and industrial buyers via the Iran Mercantile Exchange and exporting to Vietnam, Russia, China, and South America.

Ownership category

akta.pro rank

Product category

Petrochemical Manufacturing (Polyethylene and Olefins)

NAICS

Petrochemical Manufacturing (32511)

SIC

Chemicals & Allied Products (2800)

akta.pro primary industry

Base Olefins (Ethylene, Propylene, Butadiene) (IMAEADAA)

akta.pro secondary industry

Commodity Monomers & Feedstocks (e.g., Methanol, Ethylene Oxide) (IMAEAAAD)

Keywords

• Polyethylene production
• Petrochemical manufacturing
• Ethylene olefin production
• LDPE MDPE HDPE polymers
• Industrial polymer supply

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Polyethylene Products Sales: ASPC generates revenue primarily through sale of polymer products including LDPE, MDPE, HDPE, and olefin products. Production capacity of 375,000 tons/year LDPE, 375,000 tons/year MD/HDPE, and 1.1 million tons/year ethylene. Sold domestically via Iran Mercantile Exchange and through direct export sales to international customers.
2. Export Sales: Revenue from international sales to countries including Vietnam, Russia, China, and South American markets. For fiscal year 1403 ending March 2024, achieved record 504 trillion rials in revenue with 49% growth year-over-year. Total sales of 1.195 million tons of various products.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Arya Sasol Polymer Company (ASPC) manufactures and sells ethylene (1.1 million tons/year), LDPE (375,000 tons/year, 9 grades), MDPE and HDPE (375,000 tons/year combined, 10 grades), and the C3+ olefin by-product (100,000 tons/year). The company also provides ISO/IEC 17025-accredited quality control laboratory services and storage warehouse services in the Pars Special Economic Energy Zone (PSEEZ). Products are sold domestically via the Iran Mercantile Exchange and exported internationally through direct sales channels serving packaging, construction, automotive, and industrial manufacturers.

Product overview

Arya Sasol Polymer Company (ASPC) operates as an integrated petrochemical complex producing ethylene, polyethylene (LDPE, MDPE, HDPE), and related products. The company operates three main production plants: an Olefin plant (1.1 million tons/year ethylene capacity using Technip technology) that supplies feedstock to downstream polymer plants; an LDPE plant (375,000 tons/year, 8 grades using SABTEC CTR technology); and an MD/HDPE plant (375,000 tons/year combined, 10 grades using Basell Lupotech G technology). These products serve packaging, construction, automotive, and industrial applications. ASPC also provides quality control laboratory services and storage facilities at its Assalouyeh complex.

Differentiator

Problem solved

Functional benefit

Products and services

• Olefin (Ethylene) ASPC's Olefin plant produces 1,100,000 tons of ethylene per year and 100,000 tons of C3+ as by-product, using Technip technology. The ethylene serves as feedstock for downstream LDPE and MD/HDPE polymer plants and is also sold to industrial buyers.
• Low Density Polyethylene (LDPE) ASPC's LDPE plant produces 375,000 tons annually of 9 main grades using SABTEC licensed CTR (Clean Tubular Reactor) technology. Products include LFI2047A and other grades used in packaging films, laundry bags, and industrial applications.
• Medium Density Polyethylene (MDPE) MDPE produced at 375,000 ton/year capacity (combined MD/HDPE plant) with 3 main grades including MFI3313 and MFI3820. Used for packaging films, geomembranes, carrier bags, and blow molding applications.
• High Density Polyethylene (HDPE) HDPE produced at 375,000 ton/year capacity (combined MD/HDPE plant) with 7 grades including HFI5110, HEX4460 PE80+, HBM4265, HBM4261A, HBM5510, HBM5020. Used for pipes, IBC containers, fuel tanks, drums, bottles, and packaging films. Manufactured under Basell license (Lupotech G process technology) and holds European Pharmacopeia Statement for food-grade applications.
• C3+ (Olefin By-product) C3+ cut is a by-product of the olefin plant with annual production capacity of 100,000 tons, produced based on Technip Technology. Used for 1,3 Butadiene, Polypropylene, Gasoline, and Propylene production.
• Quality Control Laboratory Services Quality Control department providing product quality assurance, raw material verification, and quality control of intermediate materials. Includes Central Laboratory (CEL) and Polyethylene Laboratory (PEL) accredited to ISO/IEC 17025 by DAKKS and TURKAK.
• Storage and Warehouse Services

Quantifiable outcome

• Revenue growth of 49% to 504 trillion rials in FY1403
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

13 partnerships are on record, tiered important, key, core, ongoing and historical.

• Vietnam Plastics AssociationimportantGTM or Marketing Partner · 1 January 2024Partnership through ASPC booth presence at 22nd Vietnam Plastic and Rubber Industry Exhibition (VietnamPlas). Association with 3,000 members is the most important visitor group at the exhibition. Iran's ambassador facilitated relationship as gateway for Iranian petrochemical industry to enter Vietnamese market.
• PetrolimexkeyChannel Partner/ Reseller/ Distributor · 1 January 2024Vietnam's largest importer of chemical and petrochemical products visited ASPC booth at VietnamPlas exhibition. Partnership considered a turning point for ASPC's market entry into Vietnam's growing polymer market.
• Vietnam Chamber of CommerceimportantStrategic or Co-development Partner · 1 January 2024Joint meeting held between Iran and head of Vietnam Chamber of Commerce. Iran's ambassador described Vietnam's welcome of Iranian petrochemical producers as promise to receive significant market share. Commercial adviser Mohsen Rezaipour facilitating ongoing communications.
• Iran House of Innovation and Technology (iHit)coreStrategic or Co-development Partner · 11 September 2023ASPC and Iran House of Innovation and Technology (iHit) signed a cooperation agreement on sidelines of 18th Iran Plast International Exhibition. ASPC CEO Mohammad Reza Heydarzadeh stated the partnership enables communication with companies and countries for knowledge exchange, transfer of experiences, and synergy. iHit operates under Vice President of Science and Technology supervision, producing high-tech and mid-tech products exported globally.
• University of TehranongoingStrategic or Co-development Partner · 1 January 2019MoU signed for bilateral academic cooperation between ASPC and University of Tehran, expanding collaboration in research and development.
• Institute of Standards and Industrial Research of Iran (ISIRI)ongoingStrategic or Co-development Partner · 1 January 2011ASPC quality control laboratories work as collaborator laboratory to ISIRI since 2011, providing testing and calibration services for oil, gas, and petrochemical industries.
• German Basell CompanycoreTechnology or Integration · 1 January 2003Licensor for MD/HDPE plant using Lupotech G™ process technology. EPCC contract signed between Udeh and Iranian Sazeh Companies. Plant construction began 03/17/2003 and became operational October 2008.
• Iranian Sazeh CompanieshistoricalImplementation/ SI/ Consulting Partner · 1 January 2003Iranian EPC contractor for MD/HDPE plant construction under Basell license in partnership with Udeh Company.
• Udeh CompanyhistoricalImplementation/ SI/ Consulting Partner · 1 January 2003Iranian EPC contractor for MD/HDPE plant construction under Basell license in partnership with Iranian Sazeh Companies.
• South African Sasol CompanyhistoricalStrategic or Co-development Partner · 1 January 2002Original joint venture partner. MOU signed between Iran's NPC and S. African Sasol Co. in 2002. In 2013, following international sanctions, S. African Company sold its share to Pars Tamin Majd as new shareholder. Company founded with goal of becoming best polymer producer in Middle East.
• Dutch Estami Carbon CompanycoreTechnology or Integration · 1 January 2002Licensor for LDPE plant. EPCC contract signed between French Technip company and Iranian EPC Nargan Company. Plant construction began 10/26/2002 and became operational August 2008.
• French Technip CompanyhistoricalTechnology or Integration · 1 January 2001Engineering and procurement contractor for C2 cracker plant construction. EPCC contract signed between Technip and Iranian EPC Nargan Company. Plant construction began March 2001 and completed in 2007. Technip technology used for olefin production.
• Iranian Nargan CompanyhistoricalImplementation/ SI/ Consulting Partner · 1 January 2001Iranian EPC contractor for olefin, LDPE, and MD/HDPE plant construction in partnership with Technip and other international contractors.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Others

• Sasol: South African integrated chemicals and energy company and ASPC's original 2002 JV partner before divesting under sanctions in 2013. Relevant peer for historical technology transfer, ethane-cracking know-how, and specialty/base chemicals adjacency.

Direct peers

• Marun Petrochemical Company: Major Iranian petrochemical producer of polyethylene and polypropylene located in the Pars Special Economic Energy Zone. Closely comparable domestic peer competing for ethane feedstock, downstream PE customers, and export channels.
• Braskem: Latin America's largest petrochemical producer and a global polyethylene player. Comparable as a regional champion scaling integrated cracker-to-PE value chains, and a peer ASPC now meets in South American export markets.
• Kavian Petrochemical Company: Iranian HDPE/LLDPE producer operating in the Pars Special Economic Energy Zone with comparable ethane-cracker-to-polyethylene value-chain structure to ASPC. Direct competitor for both domestic PE buyers and Iranian export volumes.
• LyondellBasell: Global polyethylene leader and licensor of the Lupotech G MD/HDPE process technology used by ASPC. Competes with ASPC in HDPE/LDPE grades and represents the global benchmark for product, technology, and scale that ASPC is benchmarked against.
• Jam Petrochemical Company: One of Iran's largest integrated petrochemical complexes producing polyethylene (HDPE/LDPE/LLDPE), polypropylene and MEG. Directly comparable in product portfolio, scale, and Iranian-domestic operating context as a head-to-head Iranian PE competitor.

Regional players

• Borouge: ADNOC/Borealis joint venture producing polyethylene and polypropylene in the UAE. Competes with ASPC in Middle East and Asia export markets, particularly in infrastructure-grade HDPE (pipes, geomembranes).

Broad incumbents

• Dow Chemical: Global petrochemical incumbent with broad LDPE/HDPE and ethylene portfolios. Serves as a global benchmark for product quality, sustainability standards, and integrated value-chain scale relevant to ASPC's export ambitions.
• SABIC: Saudi Arabia-headquartered petrochemical giant with broad polyethylene (LDPE, LLDPE, HDPE) and olefins portfolios. The dominant Middle East incumbent ASPC benchmarks against and the largest regional competitor in Asia and EMEA export markets.
• INEOS: Global petrochemical producer with significant European polyethylene capacity. Comparable as a broad LDPE/HDPE incumbent competing in the same EU and global commodity PE markets ASPC accesses via REACH compliance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/aryasasolco
• Facebookfacebook.com/AryaSasolPolymerCompany
• LinkedInlinkedin.com/company/aryasasol

Compliance18 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Arya Sasol Polymer