Razi Petrochemical Company

What Razi Petrochemical Company does

Razi Petrochemical Company (شرکت پتروشیمی رازی) is one of Iran's largest integrated fertilizer and chemical producers, operating a single 100-hectare complex at the Bandar Imam Khomeini Special Economic Zone in Khuzestan Province, 66 km from the Persian Gulf entrance. Founded in 1970 (first phase commissioned after a four-year build) and privatized in 2007, the company produces nitrogenous fertilizers (urea and ammonia), phosphate fertilizers (DAP and phosphoric acid), sulfuric acid, and granulated sulfur through an interconnected production chain that runs from sour natural gas feedstock to finished fertilizers and industrial chemicals. The complex is described as Iran's largest domestic producer of ammonia, urea, sulfuric acid, and granulated sulfur, and the sole domestic producer of phosphoric acid and DAP fertilizer. Production units run on licensed advanced-process technologies from Kellogg (Haber-Bosch ammonia), Stamicarbon (TOTAL-RECYCLE urea and PIPEREACTOR DAP), Prayon (phosphoric acid), SIM-CHEM (sulfuric acid), Ralph-Parson (CLAUS sulfur recovery and DEA gas sweetening), and Plimax (sulfur granulation), with achievable capacity of approximately 2,400,000 tonnes/year and an expansion target above 1,900,000 tonnes/year by Iranian year 1408 (2029–2030), potentially exceeding 3,000,000 tonnes/year upon project completion.

The company makes money through B2B sales of bulk commodity fertilizers and chemicals, primarily under contract or quote-based pricing that is not publicly disclosed. It sells directly to large-scale agricultural buyers (farmers, farming cooperatives, and government agricultural agencies) — supplying 1,180,000 tonnes/year of urea and DAP for domestic consumption — and to industrial buyers in chemicals, petroleum refining, and water treatment. Export sales of ammonia, urea, sulfur, and sulfuric acid flow through two private port docks at Bandar Imam Khomeini capable of loading 6,000 t/day of ammonia, 4,800 t/day of sulfur, and urea at 400 t/h, accommodating vessels up to 50,000 DWT. Phosphate rock is imported from Morocco, Togo, and Jordan for processing into phosphoric acid and DAP. Razi is privately held following its 2007 privatization, with ownership concentrated in a consortium led by Gohar Farab Industrial Complex (48.88%), alongside Energy Gas Asia (16.73%), Shaghayegh Sazeh Rangin (11.95%), Tavousan (10.88%), Saman Shimi Khavarmianeh (7.17%), and employee shareholders (4.38%); no subsequent IPO or public listing has been identified.

Supporting infrastructure includes a 174 km, 12-inch dedicated pipeline from seven sour-gas wells in the Masjed Soleyman highlands to the main complex (with 10 CP stations and 10 automatic safety valves), 150,000 tonnes of sulfur storage, 54,000 tonnes of DAP storage, 22,000 tonnes of sulfuric acid tankage, and 26,307 tonnes of phosphoric acid (P2O5 equivalent) storage. The company holds ISO 9001, ISO 14001, ISO 45001, ISO/TS 29001, and HSE-MS OGP-2017 certifications, and has won multiple National Petrochemical Industry Excellence Awards, including the Crystal Award at the 12th cycle (June 2025).

Name

Razi Petrochemical Company

Legal name

Razi Petrochemical Company (شرکت پتروشیمی رازی)

Website

https://razip.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Razi Petrochemical Company is an Iranian integrated fertilizer and chemical producer operating a single 100-hectare complex at Bandar Imam Khomeini, manufacturing ammonia, urea, DAP, sulfuric acid, phosphoric acid, and granulated sulfur for domestic agriculture and industry plus export markets.

Ownership category

akta.pro rank

Product category

Petrochemicals and Fertilizers

NAICS

Nitrogenous Fertilizer Manufacturing (325311), Phosphatic Fertilizer Manufacturing (325312), Basic Chemical Manufacturing (3251), Petrochemical Manufacturing (32511)

SIC

Industrial Organic Chemicals (2860), Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Ammonia & Nitrogen Feedstocks (Ammonia, Urea, Nitrates) (EUALAHAG)

akta.pro secondary industries

Sulfur & Acid Gas Feedstocks (Sulfur, Sulfuric Acid, Mercaptans) (EUALAHAH), Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc) (IMAKAJAF)

Keywords

• Nitrogenous fertilizers
• Phosphate fertilizers
• Petrochemical production
• Industrial chemicals manufacturing
• Agricultural chemicals supply

Headquarters

HQ city

Imam

HQ country

Iran

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fertilizer and Chemical Product Sales: Domestic and international sales of petrochemical and fertilizer products including urea, DAP, ammonia, sulfuric acid, phosphoric acid, and granulated sulfur. Products sold to agricultural sector (farmers, cooperatives) and industrial buyers domestically, with exports via private port facilities.
2. Phosphate Rock Import and Processing: Imports phosphate rock from Morocco, Togo, and Jordan; processes into phosphoric acid and DAP fertilizer for domestic use and export.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Razi Petrochemical Company operates an integrated petrochemical complex at Bandar Imam Khomeini, Iran, manufacturing and selling nitrogenous and phosphate fertilizers (urea, DAP, ammonia) along with industrial chemicals (sulfuric acid, phosphoric acid, granulated sulfur) for the agricultural and industrial sectors. The company converts natural gas feedstock through proprietary process units (Haber-Bosch, TOTAL-RECYCLE, CLAUS, DEHYDRATE, PIPEREACTOR) into finished commodity products supplied to domestic farmers/cooperatives and exported internationally via its private port facilities.

Product overview

Razi Petrochemical Company is a manufacturer of nitrogenous fertilizers, phosphate fertilizers, and chemical products. It operates as a single unified production complex with an integrated manufacturing chain: natural gas is processed to produce ammonia, which is then used to produce urea (the world's most important nitrogen fertilizer) and di-ammonium phosphate (DAP). The complex also produces sulfuric acid (from sulfur via the Claus process), phosphoric acid (from phosphate rock), and granulated sulfur (via sulfur recovery units). The six named products — granulated sulfur, ammonia, DAP, sulfuric acid, phosphoric acid, and granulated urea — form an interconnected production ecosystem where upstream outputs serve as inputs for downstream products. The company is Iran's largest producer of ammonia, urea fertilizer, sulfuric acid, and sulfur, and the sole producer of phosphoric acid and DAP in the country.

Differentiator

Problem solved

Functional benefit

Products and services

• Granulated Sulfur (گوگرد گرانول) Granulated sulfur produced through the Claus process from hydrogen sulfide (H2S) gas recovered at the Bandar Imam Khomeini complex. Sulfur plays a role in building proteins and amino acids and is essential for plant quality and resistance; it is also used in production of sulfuric acid, rubber, gunpowder, and paper. The granulated form (2–7mm) meets international quality standards for export markets.
• Ammonia (آمونیاک) Ammonia (NH3) produced via the Haber-Bosch process from hydrogen and nitrogen at high temperature and pressure, using sweet gas (methane) and atmospheric nitrogen as feedstock. Used in chemical fertilizers, nitric acid, explosives, refrigeration systems, mushroom cultivation, greenhouses, and food preservation. Daily production capacity: 3,050 tonnes (combined across two units).
• Di-Ammonium Phosphate (DAP) (دی‌آمونیوم فسفات) Di-ammonium phosphate chemical fertilizer (NH4)2HPO4, commonly known as DAP or black fertilizer. Rich in nitrogen and phosphorus, used for plant growth and soil pH enhancement. Produced from direct combination of phosphoric acid and ammonia. Contains 46–47% P2O5 and 18–19.5% nitrogen. Also used in food industries for texture improvement and in fire-extinguishing applications.
• Sulfuric Acid (اسید سولفوریک) Sulfuric acid (H2SO4), known as the 'Sultan of Chemicals'. Produced by burning sulfur to SO2, then converting to SO3 with a vanadium pentoxide catalyst. Concentration approximately 98.5%. Used in fertilizer production, petroleum refining, wastewater treatment, mineral processing, detergents, paints, pharmaceuticals, and catalysts.
• Phosphoric Acid (اسید فسفریک) Phosphoric acid (H3PO4) produced via the wet process (DEHYDRATE method) from imported phosphate rock and sulfuric acid. Concentration 50–52% P2O5. Used in phosphate fertilizers (DAP, SSP), animal feed supplements (calcium phosphates), industrial and domestic cleaning powders (STPP), and human consumption (soft drinks, water treatment, toothpaste, pharmaceuticals).
• Granulated Urea (اوره گرانول) Urea or Carbamide (CO(NH2)2), an organic compound with over 90% used as nitrogen-containing fertilizer for plants, providing the highest nitrogen content among solid nitrogen fertilizers (46.7%). Also used in resin production (urea-melamine-formaldehyde), diesel exhaust NOx removal, hand/face creams, animal feed, cloud seeding, fire retardants, and teeth whitening. Combined daily capacity: 1,800 tonnes.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core.

• Ralph-ParsoncoreTechnology or IntegrationRalph-Parson designed and installed gas treatment and sulfur recovery units. All three sulfur recovery units use the CLAUS process designed by Ralph-Parson. Also designed and installed gas sweetening (DEA) units for sour gas treatment.
• SIM-CHEMcoreTechnology or IntegrationSIM-CHEM designed the sulfuric acid production units. All three sulfuric acid units use the contact process designed by SIM-CHEM, with combined daily capacity of 3,220 tonnes — the highest in Iran.
• Stamicarbon (STAMICARBON)coreTechnology or IntegrationStamicarbon designed the advanced Urea TOTAL-RECYCLE unit and the second-generation PIPEREACTOR DAP Unit 2. Both are among the most advanced processes globally. Installation and commissioning were performed by Iranian specialists.
• Prayon (PRAYON)coreTechnology or IntegrationPrayon designed the phosphoric acid production unit using the DEHYDRATE process, producing phosphoric acid at 30% then concentrating to 54%. Razi Petrochemical is the sole producer of phosphoric acid in Iran using this technology.
• KelloggcoreTechnology or IntegrationKellogg designed both ammonia production units using the Haber-Bosch process, each with 1,000 tonnes/day capacity — among the most advanced and complex technologies in the complex.
• Plimax (Poland)coreTechnology or IntegrationPolish company Plimax designed the granulated sulfur production unit, producing 1,600 tonnes/day of premium quality granulated sulfur (2–7mm) for export markets. Installation and commissioning by Iranian specialists.

Scale indicators15 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• SABIC Agri-Nutrients (Saudi Arabia): SABIC Agri-Nutrients (formerly SAFCO) is Saudi Arabia's flagship producer of nitrogenous fertilizers (urea, ammonia) and a sister Middle East petrochemical complex. Directly comparable to Razi as a Persian Gulf integrated gas-to-fertilizer producer with massive scale, export-grade port logistics, and reliance on cheap domestic gas feedstock. Broader incumbent given SABIC's diversified petrochemical portfolio beyond fertilizers.
• Yara International (Norway): Yara is the world's largest producer of nitrogen-based mineral fertilizers with global production of ammonia, urea, and compound fertilizers (NPK). Comparable in scale and product mix to Razi's nitrogenous line, though Yara operates globally across multiple continents and offers a broader specialty/sustainable fertilizer portfolio. Key competitor in international urea/ammonia trade flows.
• Ma'aden (Saudi Arabia, Fertilizer Segment): Ma'aden's fertilizer segment includes Wa'ad Al-Shamal (joint venture with SABIC and Mosaic) — an integrated phosphate and ammonia complex producing DAP/MAP and nitrogen fertilizers. Highly comparable to Razi's combined DAP and nitrogen operations, with the same Saudi cheap-feedstock advantage and a competing share of global phosphate/nitrogen trade flows.
• CF Industries Holdings (USA): CF Industries is one of the largest North American producers of nitrogen fertilizers (ammonia, urea, UAN) with cost-advantaged natural gas feedstock in the US Gulf Coast. Comparable in scale and core nitrogen chemistry to Razi's ammonia and urea production lines, though serving Western markets and lacking a captive phosphate chain. Direct competitor in seaborne urea/ammonia trade.
• OCI N.V. (Netherlands/USA): OCI is a major global producer and distributor of nitrogen products (ammonia, urea, UAN, methanol) and operates Iowa Fertilizer in the US. Competitor to Razi in international nitrogen markets with similar large-scale gas-to-fertilizer assets. Strategy of capacity build-out and global trading presence parallels Razi's export ambitions through its private port.

Direct peers

• Pardis Petrochemical Company (Iran): Pardis Petrochemical is Iran's largest ammonia and urea producer, located in Asaluyeh (Special Economic Energy Zone), operating a ~5M tonnes/year gas-to-fertilizer complex. Direct domestic peer to Razi — produces overlapping ammonia/urea products, serves the same Iranian agricultural and export markets, and shares similar feedstock economics and regulatory environment.
• QAFCO (Qatar Fertiliser Company): QAFCO is one of the world's largest single-site producers of urea and ammonia, located in Mesaieed, Qatar, with integrated gas feedstock and dedicated port export facilities — a near-perfect functional peer to Razi's ammonia/urea complex. Same feedstock base (stranded natural gas), same product mix, same export-oriented Gulf operating model. Competes with Razi in international urea markets.
• Khorasan Petrochemical (Iran): Khorasan Petrochemical is an Iranian ammonia-urea producer, one of the regional fertilizer plants developed under Iran's petrochemical master plan. Operates in the same regulatory and feedstock environment as Razi and serves overlapping Iranian agricultural demand. Smaller in scale but directly comparable on product mix and customer base.
• Lordegan Petrochemical (Iran): Lordegan Petrochemical operates an integrated ammonia-urea complex in Chaharmahal Bakhtiari province, Iran, designed around Stamicarbon TOTAL-RECYCLE urea technology. Direct domestic peer in the same country, selling to overlapping Iranian agricultural customers with similar nitrogen-fertilizer product mix. Competes with Razi for both domestic market share and export quotas.

Emerging players

• PetroVietnam Fertilizer & Chemicals (PVFCCo): PVFCCo operates Phu My Fertilizer in Vietnam, producing urea, ammonia, and NPK from integrated gas-to-fertilizer assets. Comparable emerging-market mid-tier peer with similar integration model and focus on serving domestic agricultural demand while competing in regional fertilizer trade. Direct overlap with Razi in urea export markets across Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/razi-petrochemical-co-

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Razi Petrochemical Company