Persian Gulf Petrochemical Industries

Name

Persian Gulf Petrochemical Industries

Legal name

Persian Gulf Petrochemical Industries Company

Website

https://pgpic.ir

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Petrochemical Manufacturing (325110)

SIC

Miscellaneous Chemical Products (2890)

akta.pro primary industry

Polyolefins (PE, PP) (IMAEADAD)

akta.pro secondary industry

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

Keywords

• Petrochemical production
• Polymer manufacturing
• Aromatic chemicals
• Fertilizer production
• Hydrocarbon processing

Headquarters

HQ city

Tehran Now

HQ country

Iran

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Petrochemical product sales: Subsidiary production companies manufacture and sell petrochemical products (polymers, aromatics, fertilizers, base chemicals, fuels and hydrocarbons) directly to industrial customers. Revenue is generated through domestic sales and exports of these products.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

PGPIC is a petrochemical holding company that operates more than 40 wholly-owned subsidiaries producing and selling polymers, aromatics, fertilizers and agricultural chemicals, basic chemicals/feedstocks, and fuels/hydrocarbons. The subsidiaries convert natural gas and hydrocarbon feedstocks into higher-value petrochemical products through polymerization, aromatic processing, and gas refining operations for domestic and international industrial customers.

Product overview

Persian Gulf Petrochemical Industries (PGPIC) is a petrochemical holding company operating as a diversified product portfolio across five main product categories: Polymers (including polymer chains and derivatives), Aromatics (aromatic compounds and intermediates), Fertilizers and Agricultural Pesticides (nutrient products for agriculture), Basic Chemicals and Feedstock (raw materials for downstream production), and Fuels and Hydrocarbons (including LPG, raffinate, reformate, and various fuel cuts). The company operates through subsidiary production complexes and provides petrochemical products to domestic and international markets, functioning as an integrated petrochemical value chain operator.

Differentiator

Problem solved

Functional benefit

Brands

• PGPIC News (Fars News): News portal of Persian Gulf Petrochemical Industries providing updates on company activities and petrochemical industry news.
• Iran PetChem
• PetroFan

Products and services

• Polymers (پلیمرها) Polymers are large organic chain molecules formed through polymerization reactions of monomer units, exhibiting high structural diversity and wide applications across various industries. PGPIC's polymer portfolio includes polyethylene (PE), polypropylene (PP), PVC, and similar resins used by downstream polymer converters in packaging, construction, automotive, and consumer goods manufacturing.
• Aromatics (آروماتیک‌ها) Aromatics are organic compounds characterized by one or more conjugated ring systems with alternating single and double bonds. PGPIC's aromatics portfolio (benzene, toluene, xylene, and related compounds) forms a wide range of base materials and chemical intermediates for the chemical and petrochemical industries.
• Fertilizers and Agricultural Pesticides (کودها و سموم کشاورزی) Fertilizers are natural or synthetic materials added to soil or plant tissues to supply essential nutrients for plant growth, helping improve soil fertility and health. PGPIC's portfolio includes urea, ammonia, and other agricultural chemicals produced by subsidiaries such as Lordegan Urea Fertilizer Co. for the agriculture sector.
• Basic Chemicals and Feedstock (مواد شیمیایی پایه و خوراک) Basic chemicals are raw materials used to produce final products, covering a wide range of products consumed in downstream units within the Persian Gulf Petrochemical complex. These serve as feedstocks for further chemical processing.
• Fuels and Hydrocarbons (سوخت‌ها و هیدروکربن‌ها) Upstream petrochemical industries produce chemical fuels including LPG, raffinate, reformate, high-pentane, light cut, heavy cut, and fuel oil. PGPIC's fuel and hydrocarbon products are produced by subsidiaries such as Persian Gulf Bidboland Gas Refining Co. and Persian Gulf Hoveyze Refinery for energy and refining customers.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered major, core and minor.

• Nouri Petrochemical CompanymajorStrategic or Co-development Partner · 18 June 2026PGPIC signed Iran's largest first-time manufacturing contract with Nouri Petrochemical Company and a knowledge-based company to develop and deploy liquid-catalyst flare-gas desulfurization technology. The project will remove sulfur compounds from flare gas and enable recovery of valuable hydrocarbons. Expected outputs: 93 million cubic meters per year of sweet gas, 17,000 tonnes per year of sulfur, 15,000 tonnes per year of C5+ hydrocarbons, and over 100,000 tonnes per year of LPG.
• Knowledge-based company (domestic Iranian)majorTechnology or Integration · 18 June 2026Partnership with an Iranian knowledge-based company to develop and manufacture flare-gas desulfurization technology domestically, reducing reliance on foreign technology providers. The signing ceremony was attended by Hossein Afshin, Vice President for Science, Technology and Knowledge-Based Economy.
• Knowledge-based companies (domestic)coreTechnology or Integration · 1 January 2025PGPIC plans to use the capacity of domestic knowledge-based companies for the reconstruction and modernization of petrochemical companies damaged in the war, leveraging domestic expertise for technical solutions.
• Basf SE (Germany)minorStrategic or Co-development Partner · 1 January 2025PGPIC previously participated in joint technical and economic feasibility studies for potential investment with BASF of Germany during earlier evaluation periods (1395-1396).
• TotalEnergies SE (France)minorStrategic or Co-development Partner · 1 January 2016PGPIC previously participated in joint technical and economic feasibility studies for potential investment with Total of France during earlier evaluation periods (1395-1396).

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Braskem: Braskem is the largest petrochemical producer in the Americas with integrated PE, PP, PVC, and basic chemicals production, comparable to PGPIC's polyolefin-heavy product portfolio and feedstock-to-polymer integration model.
• Saudi Basic Industries Corporation (SABIC): SABIC is a Middle East-based petrochemical holding company producing polymers, aromatics, fertilizers, and base chemicals across an integrated value chain, directly comparable to PGPIC's diversified petrochemical portfolio and Saudi national oil company affiliation.
• Borouge: Borouge is a UAE-based polyolefins producer (ADNOC/Borealis JV) manufacturing PE and PP from ethane and propane feedstocks in the Middle East, directly comparable as a regional polyolefins specialist serving similar downstream polymer converters.
• Marun Petrochemical Company: Marun Petrochemical is one of Iran's largest standalone petrochemical complexes producing olefins, polyolefins, and aromatics in Mahshahr petrochemical zone, directly comparable as an Iranian-domestic peer operating in the same feedstock cluster.
• INEOS Group: INEOS is a major global petrochemicals producer with significant olefins, polyolefins, and aromatics capacity across Europe and North America, comparable to PGPIC in product mix (polymers, base chemicals, fuels) and integrated cracker-to-polymer operations.
• Reliance Industries Limited: Reliance Industries operates one of the world's largest integrated petrochemical complexes in Jamnagar, India, producing polymers, aromatics, and intermediates from refinery off-gases, comparable to PGPIC's vertically integrated model and refining-to-petrochemicals strategy.
• LyondellBasell Industries: LyondellBasell is one of the world's largest polyolefins producers (PE, PP) with significant technology licensing in polymer production, directly comparable to PGPIC's polymer product line and downstream focus on packaging, construction, and consumer goods applications.

Broad incumbents

• Dow Inc. Dow is a global diversified chemical manufacturer with significant aromatics, base chemicals, and polymers exposure, comparable to PGPIC at the product-level though operating across a much broader portfolio of specialty and commodity chemicals.
• National Petrochemical Company (NPC) of Iran: National Petrochemical Company is the state-owned parent/supervisor of Iran's petrochemical sector and operates as the broader holding entity overseeing PGPIC and other petrochemical complexes. Directly comparable as the umbrella organization for Iranian petrochemicals with overlapping portfolio of production subsidiaries.
• China Petrochemical Corporation (Sinopec Group): Sinopec Group is one of the world's largest integrated energy and chemical companies producing polymers, aromatics, fertilizers, and base chemicals at massive scale across China, comparable to PGPIC's state-affiliated integrated petrochemical holding model at a much larger absolute scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/persian-gulf-petrochemical-industries
• Instagraminstagram.com/P.G.P.I.C
• Xx.com/with_replies
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries37 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 Persian Gulf Petrochemical Industries