Kermanshah Petrochemical Industries Company

What Kermanshah Petrochemical Industries Company does

Kermanshah Petrochemical Industries Company (K.P.I.C) is an Iranian publicly listed petrochemical producer founded in 1364 (Iranian calendar / circa 1985-1986) and traded on the Tehran Stock Exchange. It was the first private-sector company in Iran to produce granular urea and liquid ammonia, and it operates as a subsidiary of Pars Oil and Gas Group (Parsian), which sits within the broader Ghadir Investment Group. The company has roughly 70,000 individual and institutional shareholders.

The company's core production complex in Kermanshah, western Iran, has nameplate capacities of 660,000 tons per year of granular urea and 396,000 tons per year of liquid ammonia, plus liquid nitrogen as a by-product. K.P.I.C accounts for approximately 10% of Iran's domestic urea supply. The product portfolio is being extended through pilot-stage production of nano urea and black urea with humic acid coating — both positioned as first-in-Iran specialty fertilizers — developed in partnership with the Agricultural Biotechnology Research Institute of Iran (ABRII). The company is executing a €375 million Phase 2 expansion that will approximately double combined capacity.

The business model is commodity-driven: K.P.I.C sells granular urea and liquid ammonia into the domestic agricultural and industrial markets and exports primarily to Iraq (over 50% of exports, approximately 240,000 tons) and Turkey. Pricing is largely indexed to global nitrogen-fertilizer benchmarks, with structural cost support from access to subsidized Iranian natural gas feedstock. The company reported earnings per share of 1,227 Rials for the fiscal year ending 29 Esfand 1404 and paid a 2,000 Rials per share dividend for FY 1402, while production grew 169% year-over-year in the Esfand 1403 reporting period. Capital structure was reinforced by a 97% capital increase, and the company has also taken a strategic stake in Persian Gulf Olefin Holding, signaling portfolio diversification within the Iranian petrochemical value chain.

Name

Kermanshah Petrochemical Industries Company

Legal name

شرکت صنایع پتروشیمی کرمانشاه (سهامی عام) (Sanaye Petrochimi Kermanshah - Public Joint Stock Company)

Website

https://kpic.ir

Company type

Public

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Kermanshah Petrochemical Industries Company is an Iranian publicly traded producer of granular urea and liquid ammonia, with nameplate capacities of 660,000 and 396,000 tons per year, supplying roughly 10% of domestic urea demand and exporting primarily to Iraq and Turkey.

Ownership category

akta.pro rank

Product category

Nitrogen Fertilizers / Petrochemicals

NAICS

Nitrogenous Fertilizer Manufacturing (325311), Petrochemical Manufacturing (325110)

SIC

Chemicals & Allied Products (2800), Industrial Inorganic Chemicals (2810), Agricultural Chemicals (2870)

akta.pro primary industry

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

akta.pro secondary industries

Ammonia & Nitrogen Feedstocks (Ammonia, Urea, Nitrates) (EUALAHAG), Specialty Nitrogen Products (Urease/Nitrification Inhibitors, Enhanced-Efficiency N) (AFABACAG)

Keywords

• Nitrogen fertilizer manufacturing
• Granular urea production
• Ammonia manufacturing
• Petrochemical exports
• Controlled release fertilizers

Headquarters

HQ city

Kermanshah

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Urea Granular Sales: KPIC's primary revenue stream comes from the production and sale of granular urea fertilizer (46% nitrogen), sold both domestically to the agricultural sector and internationally through public tenders/auctions. The company exports via sea shipments from Imam Khomeini Port in 30,000–45,000 ton consignments.
2. Liquid Ammonia Sales: Liquid ammonia is produced as an intermediate product and sold either domestically or exported. Ammonia production capacity stands at approximately 396,000 tons per year.
3. Liquid Nitrogen Sales: Minor by-product stream from the air separation unit, sold domestically to industrial customers.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Kermanshah Petrochemical Industries Company manufactures and sells nitrogen-based chemical fertilizers and industrial chemicals, primarily granular urea (46% nitrogen), liquid ammonia, and liquid nitrogen. It also pilots next-generation fertilizers including nano slow-release urea and humic acid-coated black urea developed through its Research and Innovation Center and partnerships with Iran's Agricultural Biotechnology Research Institute.

Product overview

Kermanshah Petrochemical Industries Company (K.P.I.C) operates a single-site petrochemical complex producing urea and ammonia-based products. The core product portfolio consists of Granular Urea (کود اوره گرانول, ~660,000 tpa capacity), Liquid Ammonia (آمونیاک مایع, ~396,000 tpa), and Liquid Nitrogen (نیتروژن مایع). The company is expanding its product range into the urea value chain through two new pilot products: Nano Urea (slow-release, developed with the Agricultural Biotechnology Research Institute) and Black Urea (humic acid-coated, developed in-house). A major Phase 2 expansion project is underway to double production capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Granular Urea (کود اوره گرانول)

Quantifiable outcome

• Increased production by 169% in Esfand 1403 compared to same period previous year, setting a record among Iran's urea-producing petrochemical companies
• +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

Feature5 records

Partnerships

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

• Imam Khomeini PortminorOthers · 5 September 1403Export hub from which KPIC ships urea consignments of 30,000–45,000 tons via sea to international buyers. KPIC conducts regular auctions for sales from this port.
• Agricultural Biotechnology Research Institute of Iran (ABRII)flagshipStrategic or Co-development Partner · 13 May 1403KPIC signed a landmark pilot contract for nano slow-release urea fertilizer with ABRII, marking the first such collaboration in Iran's 60-year urea history. The partnership aims to develop advanced fertilizer products including nano urea and black urea with humic acid coating to increase nitrogen efficiency and reduce environmental impact.
• Agricultural Biotechnology Research Institute of IranflagshipStrategic or Co-development Partner · 21 August 1402A memorandum of understanding was signed for joint research on the application of nano technology in chemical fertilizers, representing a strategic collaboration to advance Iran's fertilizer industry.
• Oil and Gas Expansion Group (Grup-e Gostaresh Naft va Gaz-e Parsian)coreOthersKPIC operates as a subsidiary under the Oil and Gas Expansion Group (Parsian), which is in turn under the umbrella of Iran's Ministry of Defense. The group oversees operational management, strategic direction, and capital allocation for KPIC and other subsidiaries.
• Ghadir Investment GroupcoreOthersGhadir Investment Group, led by CEO Seyed Mojtaba Heydari, conducts regular operational visits to KPIC, provides strategic oversight, and coordinates financing for the Phase 2 expansion project.
• Domestic Equipment Manufacturers (approximately 200 companies)coreTechnology or IntegrationKPIC's Research and Innovation Center has established relationships with approximately 200 domestic Iranian manufacturers to localize equipment and spare parts through reverse engineering, reducing import dependency and strengthening the domestic industrial ecosystem.
• Parsian Kish Railway Transport CompanyminorChannel Partner/ Reseller/ DistributorCollaborating on the rail connection project to link KPIC's complex to Iran's national railway network, facilitating more cost-effective and reliable transportation of products to export ports.

Scale indicators14 records

Recent moves8 records

Expansion highlights4 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kermanshah-oil-refining-company

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 Kermanshah Petrochemical Industries Company