Khorasan Petrochemical Company

What Khorasan Petrochemical Company does

Khorasan Petrochemical Company (شرکت سهامی پتروشیمی خراسان) is a publicly listed Iranian petrochemical manufacturer incorporated in 1992 and headquartered in Bojnord, North Khorasan Province. The company operates an integrated 200-hectare petrochemical complex on the Tehran-North-Mashhad corridor with combined production capacity of approximately 845,000 tons per year across three core units: 495,000 t/y of prill urea (Stamicarbon license, commissioned June 1996), 330,000 t/y of ammonia (M.W. Kellogg license, commissioned June 1996), and 20,000 t/y of crystal melamine (Eurotecnica Italy license, commissioned April 2004) — the only high-pressure melamine process in Iran. Nitrogen and distilled water are produced as by-products, and a new 1,000 t/y cyanuric acid unit is under development.

The company employs 501-1,000 people, holds five ISO certifications (9001, 14001, 45001, 50001, 10015), and is listed on the Tehran Stock Exchange under ticker 18865378787186640. Ownership is anchored by Oil and Gas Petrochemical Investment Company (TAKIM, 43.15% stake), with the Tappico holding company acting as parent. Revenue derives from transaction-based sales of urea (primarily agricultural fertilizer, with 55% of revenue from exports to over 14 countries), ammonia (industrial applications), and crystal melamine (resin and coating applications). Distribution is conducted through the Iran Commodity Exchange (بورس کالا) on Tuesdays and Wednesdays via brokers Ordibehesht Iranian and Bahman, direct domestic sales (cash, credit, advance), and export tenders delivered FOB/FCA from Bandar Abbas, Assaluyeh, or Bojnord.

In fiscal year 1404 (ending March 2026), the company reported an all-time-record net profit of 65,000 billion Iranian Rials with 120% year-over-year growth and a 56% gross profit margin — the highest among Iranian urea producers despite operating at the smallest nominal urea capacity in the country. The company was recognized among the top 10 petrochemical firms in Iran via the 2025 Crystal Trophy of Petrochemical Excellence, received the National Resistance Economy Medal, and was named Innovative Company at the Petrofan Festival. Recent commercial expansion includes the first rail export of urea to Afghanistan via the Khaf border crossing in 2026.

Name

Khorasan Petrochemical Company

Legal name

Khorasan Petrochemical Company (شرکت سهامی پتروشیمی خراسان)

Website

https://khpc.ir

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Khorasan Petrochemical Company is an Iranian publicly listed petrochemical manufacturer producing urea, ammonia, and crystal melamine at its 200-hectare Bojnord complex for domestic agricultural and industrial customers and exports to 14+ countries.

Ownership category

akta.pro rank

Product category

Petrochemical Manufacturing

NAICS

Basic Chemical Manufacturing (3251), Petrochemical Manufacturing (325110), Other Basic Inorganic Chemical Manufacturing (325180)

SIC

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

akta.pro primary industry

Nitrogen Fertilizers (Ammonia/Urea/UAN) (IMAEAEAA)

akta.pro secondary industry

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

Keywords

• Urea fertilizer
• Ammonia production
• Melamine manufacturing
• Petrochemical products
• Nitrogen fertilizers

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

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. Ammonia Sales: Sale of ammonia product to industrial customers and agricultural sector. Ammonia is sold domestically and exported, serving as feedstock for various industries including nitric acid, hydrazine, urethanes, acrylic fibers, and as refrigerant.
2. Urea Sales: Sale of prill urea (495,000 tons/year capacity) primarily for agricultural fertilizer use. Over 70% of global urea consumption is in agriculture. Products sold domestically and exported to over 14 countries; 55% of company revenue from urea exports.
3. Melamine Sales: Sale of crystal melamine (20,000 tons/year capacity) for resin production including melamine-formaldehyde resin for coatings, flame-resistant fabrics, cleaning agents, textile industry, paper manufacturing, leather, and rubber applications.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Khorasan Petrochemical Company operates an integrated petrochemical complex that produces prilled urea (495,000 tons/year), ammonia (330,000 tons/year), and crystal melamine (20,000 tons/year) using natural gas feedstock supplied by the National Iranian Gas Company. The facility also yields nitrogen and distilled water as by-products, supplying agricultural fertilizer and industrial chemical markets across Iran and more than 14 export destinations.

Product overview

Khorasan Petrochemical Company operates as an integrated petrochemical manufacturing complex with three main production units. The company produces urea fertilizer (495,000 tons/year), ammonia (330,000 tons/year) which serves as both feedstock for urea and a saleable product, and crystal melamine (20,000 tons/year) using a high-pressure production method. The facility also produces nitrogen and distilled water as by-products. The complex is strategically located near major agricultural regions of northern Iran and serves both domestic and export markets across more than 14 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Urea Prilled urea produced at 495,000 tons per year capacity using ammonia and CO2 as feedstock under Stamicarbon license. Primarily sold as agricultural nitrogen fertilizer domestically and exported to over 14 countries.
• Ammonia Ammonia produced at 330,000 tons per year capacity using natural gas feedstock under M.W. Kellogg license. Serves as feedstock for urea production and is sold to industrial customers for nitric acid, hydrazine, urethanes, acrylic fibers, and refrigerant applications.
• Crystal Melamine Crystal melamine produced at 20,000 tons per year capacity using the high-pressure method under Eurotecnica (Italy) license. Marketed in 25kg and 1-ton bags for melamine-formaldehyde resins, coatings, flame-resistant fabrics, cleaning agents, textile, paper, leather, and rubber applications.
• Industrial Nitrogen Industrial nitrogen produced as a by-product of the petrochemical manufacturing process and offered for sale.
• Distilled Water Purified distilled water produced as part of the petrochemical production process and offered for sale.

Quantifiable outcome

• 120% net profit growth in FY1404 vs previous year
• +3 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

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Eurotecnica (Italy)coreTechnology or Integration · 1 January 2004Licensor for high-pressure melamine production technology. Melamine unit with 20,000 tons/year capacity commissioned under Eurotecnica license in April 2004. This is the only high-pressure melamine production method in Iran.
• M.W. Kellogg (Kellogg)coreTechnology or Integration · 1 January 1996Licensor for ammonia production technology. Ammonia unit with 330,000 tons/year capacity was commissioned under M.W.Kellogg license in June 1996.
• StamicarboncoreTechnology or Integration · 1 January 1996Licensor for urea production technology. Urea unit with 495,000 tons/year capacity was commissioned under Stamicarbon license in June 1996.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• OCI Global: Netherlands-based global producer of nitrogen fertilizers and one of the world's largest melamine producers via OCI Melamine. Comparable on urea, ammonia, and melamine product lines, though with broader geographic and product diversification.
• Koch Ag & Energy Solutions: Privately held Koch Industries subsidiary producing nitrogen fertilizers (urea, ammonia, UAN) and other ag inputs. Comparable on urea/ammonia production model and natural gas-based feedstock economics.
• EuroChem Group: Global nitrogen and phosphate fertilizer producer with significant urea and ammonia operations across Russia, Europe, and Brazil. Comparable on core nitrogen product lines and integrated gas-to-fertilizer value chain.
• SABIC: Saudi Arabia-based petrochemical giant with sizable fertilizer (urea, ammonia) and melamine operations in the MENA region. Comparable on regional product mix and feedstock access, though vastly larger and more diversified.
• Yara International: World's largest nitrogen fertilizer producer with global production of urea, ammonia, and specialty chemicals. Comparable on core nitrogen product mix though operating at a much larger global scale.
• CF Industries Holdings: North American leader in nitrogen fertilizer (urea, ammonia, UAN) production. Comparable on primary product portfolio and natural gas-based feedstock economics, though with capital-markets scale and North American footprint.
• Nutrien: World's largest fertilizer producer with significant nitrogen (urea, ammonia) capacity and integrated retail distribution. Comparable on urea and ammonia product lines, with a much broader potash and phosphate portfolio.

Direct peers

• Pardis Petrochemical Company: Major Iranian urea and ammonia producer; one of the largest nitrogen fertilizer complexes in Iran. Directly comparable on product portfolio, feedstock basis (natural gas), and domestic market positioning.
• Petrochemical Fanavaran: Iranian petrochemical producer of methanol, ammonia, and derivatives; listed on the Tehran Stock Exchange and a 13.31% shareholder of Khorasan. Directly comparable in product mix, market, and regulatory environment.

Regional players

• Hengyi Industries: Chinese petrochemical producer with melamine and related derivatives capacity. Comparable on melamine product line but operating primarily in the Asian market distinct from Khorasan's MENA/Central Asia footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/khpcnews@

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Khorasan Petrochemical Company