Petrofarhang Company

What Petrofarhang Company does

Petrofarhang Company is an Iranian holding company, founded in 2007-2008 and converted to a public joint-stock company in 2021, that invests in and operates subsidiaries across the oil, gas, petrochemical, and energy sectors. It is 99.99% owned by the Farhangian Reserve Fund, the savings vehicle for Iranian teachers, and employs more than 10,000 people across its portfolio companies. Core operating subsidiaries include Sabalan Petrochemical, Zagros Petrochemical, and Siraf Energy Petrochemical for petrochemical production, Mafna for power generation, and SECO Global Trading for international marketing and distribution. The company is reported as the largest methanol producer in Iran, with installed capacity of 4.95 million tons per year, expanding to 6.6 million tons per year, and produces ethylene glycol, ammonia, urea, and polypropylene. Its business model is commodity B2B: SECO handles international sales through southern Iranian ports, the Iran Energy Exchange serves the domestic market, and direct enterprise sales cover larger industrial customers. Revenue is generated from petrochemical product sales, power generation, and investment management of the subsidiary portfolio. In October 2025, Petrofarhang executed its first upstream move via a partnership with Bakhtar Holding to develop the Gardan and Pazan gas fields, securing feedstock for its downstream assets. The company is also pursuing renewable energy with the Mahan 1 and Mahan 2 solar power projects in Kerman Province, and has pursued domestic localization of catalysts and process equipment (including heat exchangers produced via Arak Machine Manufacturing) to insulate operations from sanctions-related import constraints.

Name

Petrofarhang Company

Legal name

Petrofarhang Company (Public Joint Stock)

Website

https://petrofarhang.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Petrofarhang is an Iranian holding company, owned by the Farhangian Reserve Fund, that manages subsidiaries in petrochemicals, power generation, and energy trading, producing methanol, ethylene glycol, ammonia, and urea for domestic and international B2B markets.

Ownership category

akta.pro rank

Product category

Petrochemical Manufacturing

NAICS

Petrochemical Manufacturing (325110), Petrochemical Manufacturing (32511)

SIC

Petroleum Refining (2911), Crude Petroleum & Natural Gas (1311), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

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

akta.pro secondary industries

Olefins (Ethylene, Propylene, Butadiene) (EUALAHAD), Chemical & Petrochemical Plant Construction (IMAFADAA), Syngas & Hydrogen Feedstocks (SMR/ATR, Refinery/Petrochem H2) (EUALAHAE)

Keywords

• Petrochemical manufacturing
• Methanol production
• Oil and gas investment
• Power generation services
• Petrochemical trading

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices5 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. Petrochemical Product Sales: Petrofarhang generates revenue primarily through the sale of petrochemical products including methanol, ethylene glycol, ammonia, urea, and other derivatives produced by its subsidiary companies. Methanol is the core product, with current production capacity of approximately 4.95 million tons per year, expandable to 6.6 million tons. SECO Global Trading Company serves as the exclusive exporter of products from Sepehr Energy Holding projects, distributing to markets in China, India, Turkey, CIS countries, Afghanistan, Iraq, the Middle East, Africa, and Europe.
2. Power Generation: Mafna (Power Plant Process Management Company) manages power generation assets including solar power plants and gas power plants, contributing to revenue through electricity generation. Two new 10MW solar power plants (Mahan 1 and 2) are under development in Kerman province, and a new gas power plant is also planned.
3. Investment Management: As a holding company managing the investment portfolio of Farhangian Reserve Fund in oil, gas, petrochemical, and energy sectors, Petrofarhang earns returns through portfolio management, strategic oversight, and development of subsidiary companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Petrofarhang is an investment holding company that invests in and manages subsidiaries producing petrochemical commodities (principally AA-grade methanol, ethylene, ethylene glycol, ammonia, urea, propylene, polypropylene and downstream derivatives) and operating power generation assets (solar and gas power plants). It also manages international petrochemical trading through its exclusive export arm SECO Global Trading Company (SITCO), serving industrial customers across the Middle East, Asia, Africa and Europe.

Product overview

Petrofarhang Holding is a diversified investment holding company managing subsidiaries across the petrochemical, energy, and trading sectors on behalf of the Farhangian Reserve Fund (صندوق ذخیره فرهنگیان). The portfolio includes methanol production subsidiaries (Sabalan, Kimiya Pars Middle East, Kian, Siraf Energy), ethylene/ethylene glycol production (Morvarid), urea/ammonia (Lavan Chemical), power generation services (Mafna), non-industrial services (Sepehr Lavan Ghotb), and trading operations (Seco Global Trade). The holding also operates internal systems for governance including SEBAP (online communication) and a comprehensive trading system. The company aims to be Iran's largest methanol producer with current capacity of 4.95 million tons, expanding to 6.6 million tons upon Siraf completion.

Differentiator

Problem solved

Functional benefit

Products and services

• Methanol (Sabalan Petrochemical Industries / صنایع پتروشیمی سبلان)
• Methanol (Middle East Kimiaye Pars Petrochemical / MEKPCO / پتروشیمی کیمیای پارس خاورمیانه)
• Ethylene and Ethylene Glycol (Morvarid Petrochemical / پتروشیمی مروارید)
• Ammonia and Urea (Lavan Chemical / صنایع شیمیایی لاوان)
• Methanol (Siraf Energy Petrochemical / پتروشیمی سیراف انرژی)
• Methanol Downstream Derivatives (Mahtab Parsian Petrochemical / پتروشیمی مهتاب پارسیان)
• Chemical Products (Khorasan Petrochemical / پتروشیمی خراسان)
• Aria Petrochemical (پتروشیمی آریا)
• Kian Petrochemical Complex (پتروشیمی کیان)
• International Petrochemical Trading (SECO Global Trading / SITCO / تجارت جهانی سکو)
• Power Plant Development and Management (Mafna / شرکت مدیریت فرایند نیروگاهی)
• Non-Industrial Services at Asaluyeh (Sepehr Lavan Ghotb / قطب پتروشیمی سپهر لاوان)

Quantifiable outcome

• 4.95 million tons/year methanol production capacity (6.6 million tons after Siraf completion), making Petrofarhang the largest methanol producer in Iran
• +6 more outcomes

Named customers2 records

Segments2 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

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

• Bakhtar HoldingcoreStrategic or Co-development Partner · 1 October 2025Petrofarhang signed a contract with Bakhtar Holding for the development of Gardan and Pazan gas fields (with reserves of approximately 10 trillion cubic feet), representing Petrofarhang's first step into upstream oil and gas operations. This marks a strategic diversification from purely downstream petrochemical operations into upstream exploration and production.
• SECO International Trading CompanycoreChannel Partner/ Reseller/ DistributorSECO Global Trading Company serves as the exclusive international exporter for Sepehr Energy Holding projects, handling sales of methanol and derivatives to China, India, Turkey, CIS countries, Afghanistan, Iraq, Middle East, Africa, and Europe. It also supplies project equipment and trades in petroleum products.
• Damavand PetrochemicalminorStrategic or Co-development PartnerDamavand Petrochemical provides ancillary services including feed (natural gas) and oxygen supply for Sabalan Petrochemical's operations in Assaluyeh.
• Arak Machine Manufacturing CompanymoderateTechnology or IntegrationIranian manufacturer Arak Machine Manufacturing Company designed and produced two 130-ton heat exchangers for Siraf Energy Petrochemical's secondary reformer unit, representing successful localization of critical petrochemical equipment without foreign technology providers.
• Petroleum Industry Research InstitutemoderateStrategic or Co-development PartnerMiddle East Kimiaye Pars Petrochemical (MEKPco) signed a cooperation agreement with the Petroleum Industry Research Institute for the first time, establishing a research and development partnership for technical collaboration in petrochemical processes.

Scale indicators13 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Sahara International Petrochemical Company (Sipchem): Saudi Arabian petrochemical holding company producing methanol, ethylene, and related derivatives through subsidiaries. Directly comparable as a regional petrochemical holding with similar downstream integration strategy and feedstock-based cost structure.
• Marun Petrochemical Company: Major Iranian petrochemical complex producing olefins, aromatics, and polyolefins. Comparable as a domestic Iranian heavy-weight competing in the same olefin and polymer value chain where Petrofarhang's Morvarid and Mahtab Parsian subsidiaries operate.
• Methanex Corporation: The world's largest pure-play methanol producer. Directly comparable to Petrofarhang on methanol production economics, global offtake logistics, and commodity exposure, with Methanex representing the upper bound on scale and international market reach that Petrofarhang aspires to within Iran.
• Fanavaran Petrochemical Company: Iranian producer of methanol, acetic acid, and other C1 derivatives based in southern Iran. Directly comparable on methanol scale, AA-grade production, and Iranian export channel dynamics.
• OCI Global: Netherlands-based holding with major methanol and nitrogen fertilizer (ammonia/urea) assets, structurally similar to Petrofarhang's mix of methanol and Lavan Chemical's ammonia/urea production. Comparable on multi-product commodity holding model and global export logistics.
• Persian Gulf Petrochemical Industries Company (PGPIC): Iran's largest state-affiliated petrochemical holding company. Directly comparable as a domestic Iranian peer holding a portfolio of methanol, olefin, and aromatic subsidiaries with similar feedstock access from South Pars and similar exposure to international sanctions.
• Zagros Petrochemical Company: One of Iran's largest methanol and petrochemical producers, operating major South Pars-zone assets. Directly comparable as an Iranian methanol heavyweight competing for the same feedstock, export channels, and domestic offtake customers as Petrofarhang's Sabalan, MEKPCO, and Siraf units.

Regional players

• EQUATE Petrochemical Company: Kuwait-based integrated producer of ethylene, ethylene glycol, and polyethylene. Comparable on the ethylene/EG side of Petrofarhang's Morvarid Petrochemical business, though geographically focused on Gulf and Asian export markets rather than competing directly in Iran.
• Borouge PLC: UAE-based petrochemical joint venture producing polyethylene, polypropylene, and olefins. Comparable as a GCC peer in olefin and polyolefin production, the downstream chain Petrofarhang's Mahtab Parsian subsidiary is targeting, though Borouge serves different geographies.

Others

• National Petrochemical Company of Iran (NPC): State-owned parent and regulator of Iran's petrochemical industry. Comparable as the policy and feedstock-allocation authority that governs the operating environment in which Petrofarhang's subsidiaries compete, though not a direct operating peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/petrofarhang
• Instagraminstagram.com/petrofarhang?utm_medium=copy_link
• Xx.com/petrofarhang

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries13 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 Petrofarhang Company