Persian Gulf Fajr Energy Company

What Persian Gulf Fajr Energy Company does

Persian Gulf Fajr Energy Company (شرکت فجر انرژی خلیج فارس) is the centralized utility provider for the Bandar Imam Khomeini Petrochemical Special Economic Zone in Khuzestan Province, Iran. Operating two integrated utility complexes (Fajr 1 and Fajr 2) with 11 main turbogenerators and a current installed electricity capacity of 1,147 MW, the company produces and continuously supplies 14 critical utilities — including electricity, steam (1,690 Ton/hr), industrial gases (oxygen at 35,644 Nm3/hr, nitrogen at 49,233 Nm3/hr, liquid argon), multiple grades of treated water (clear, RO, demineralized, sanitary, service), instrument and service air, firefighting water, and wastewater treatment — to downstream petrochemical complexes such as Amir Kabir, Bu Ali Sina, and Tondguyan Petrochemical.

The company's underlying technology stack centers on gas and steam turbine power generation, multi-stage water treatment (desalination, reverse osmosis, demineralization), cryogenic air separation, and industrial wastewater processing. Fajr has built in-house capabilities for major turbine overhauls, including domestic manufacturing of compressor blades, rotor assemblies, Alstom turbine seal segments, and ceramic combustion chamber components, extending turbine operating hours from 24,000 to 36,000 and reducing foreign-currency exposure. The firm also commissioned a 75 kW solar plant in late 1404 (Iranian calendar / 2025-2026) as its second renewable energy project.

Revenue is generated primarily through long-term, usage-based utility supply contracts with petrochemical tenants inside the zone, with a secondary transactional channel for liquefied industrial gas sales via Iran's Energy Exchange (Bourse). The company is publicly listed on the Tehran Stock Exchange under ticker BFajr; approximately 60% of shares are held by entities managed by the Persian Gulf Petrochemical Industries Group (PGPIC) and ~18% by state-administered equity participation schemes. Strategic priorities include expanding power capacity to 2,600 MW by year-end 1406, deepening localization of critical equipment manufacturing, and diversifying into renewables.

Name

Persian Gulf Fajr Energy Company

Legal name

Persian Gulf Fajr Energy Company (شرکت فجر انرژی خلیج فارس)

Website

https://fajrco.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Persian Gulf Fajr Energy Company is the centralized utility provider for Iran's Bandar Imam Khomeini Petrochemical Special Economic Zone, supplying electricity, steam, industrial gases, treated water, and wastewater services to petrochemical complexes under the Persian Gulf Petrochemical Industries Group.

Ownership category

akta.pro rank

Headquarters

HQ city

IMAM KHOMEINI PORT- I.R.IRAN, petzone site2

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Utility Services (U3itilities) to Petrochemical Complexes: Supply of critical utilities including electricity, steam, process water, industrial gases (oxygen, nitrogen, argon), and wastewater treatment to petrochemical companies in the Bandar Imam Khomeini Special Economic Zone. Revenue is generated through long-term contracts with petrochemical complexes, based on consumption volumes and capacity reservations. The company maintains approximately 40% reserve capacity enabling reliability for the entire region.
2. Industrial Gas Sales on Energy Exchange: Sale of liquefied industrial gases (oxygen, nitrogen, argon) through the energy exchange (Bourse) market, enabling broader market access beyond the petrochemical complex.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Persian Gulf Fajr Energy Company is the centralized industrial utility provider for the petrochemical Special Economic Zone of Bandar Imam Khomeini in Iran, operating two utility complexes (Fajr 1 and Fajr 2). It produces and supplies 14 critical utilities to petrochemical customers, including electricity, steam, industrial gases (oxygen, nitrogen, argon), multiple grades of treated water, instrument and service air, and wastewater treatment services, delivered through an extensive on-site pipeline network.

Product overview

Persian Gulf Fajr Energy Company is a centralized utility services provider (ufficiency) operating in the Petropetrochemical Special Economic Zone of Bandar Imam Khomeini, Khuzestan Province, Iran. The company operates as the energy engine and infrastructure backbone for petrochemical complexes, providing 14 critical utility products through a platform of four operational units: Power and Steam Units, Water Treatment Units, Air Separation Units, and Wastewater Treatment Units. The company produces and supplies: electricity (1,147 MW capacity), steam (1,690 Ton/hr), industrial gases including oxygen (35,644 Nm3/hr), nitrogen (49,233 Nm3/hr), argon (8 tons liquid), various treated waters (clear, RO, demineralized, sanitary, service), instrument air (33,500 Nm3/hr), service air (66,000 Nm3/hr), fire water (14,000 m3/hr), and wastewater treatment services. Fajr Energy operates two main complexes: Fajr 1 and Fajr 2, with ongoing expansion programs to increase power capacity to 2,600 MW and recent launch of a 75 kW solar power plant.

Differentiator

Problem solved

Functional benefit

Products and services

• Power and Steam Supply (واحدهای نیروگاه و بخار) Centralized electricity generation (1,147 MW installed capacity) and steam production (1,690 Ton/hr) for petrochemical complexes in the Bandar Imam Khomeini Special Economic Zone, also contributing to the regional grid via 11 main turbogenerators.
• Industrial Gases — Oxygen, Nitrogen, and Argon Production (تفکیک هوا) Industrial gas supply via on-site air separation units, producing oxygen (35,644 Nm3/hr), nitrogen (49,233 Nm3/hr), liquid oxygen (22 tons), liquid nitrogen, and liquid argon (8 tons) for petrochemical complexes and broader market sales.
• Treated Water Supply — Clear Water, RO Water, DM Water, Sanitary Water, and Service Water (واحدهای تصفیه آب)
• Wastewater Treatment Services — Low TDS, High TDS, and Sanitary Streams (واحدهای تصفیه پساب)
• Compressed Air Services — Service Air, Instrument Air, and Fire Water
• Solar Power Plant (نیروگاه خورشیدی)

Quantifiable outcome

• Net profit of 8.5 همت (trillion Tomans) reported at annual general meeting, with 1,700 Rials dividend per share and 50 همت in receivables collected
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Domestic Equipment Manufacturers (Various Iranian Companies)coreStrategic or Co-development Partner · 20 October 1404Signed multiple MoUs and contracts at the 3rd PetroKish Exhibition worth over 1,864 billion Rials plus 500 million Euros. Products include: rotor assembly, pump shafts, turbine seal segments for Alstom turbines, ceramic combustion chamber equipment for V94 gas turbines, gas turbine compressor blades, various pumps and control valves. All domestically produced, reducing import dependency.
• Engineering and Turbine Development Company of Persian Gulf (شرکت مهندسی و توسعه توربین خلیج فارس)coreStrategic or Co-development Partner · 17 October 1404Signed a ~500 million euro MoU under GC project framework for efficiency improvement at Fajr 1 and 2 complexes. Focus areas: heat recovery, intake air cooling, gas turbine upgrades, and fuel consumption minimization. Expected to improve economic and operational indicators while enhancing petrochemical production stability.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• SABIC: Integrated petrochemicals producer with associated utility and gas operations serving its Jubail and Yanbu industrial cities. Comparable business model of utilities embedded with petrochemical production.
• Veolia Environnement: Global water and wastewater treatment specialist serving industrial and municipal customers. Comparable to Fajr's water treatment and wastewater operations across multiple grades and qualities.
• SUEZ Water Technologies & Solutions: Industrial water treatment and process solutions provider. Comparable to Fajr's clear, RO, demineralized, and specialty water production for petrochemical customers.
• Saudi Aramco: Integrated energy and petrochemical operator with substantial captive utility infrastructure supporting its refining and petrochemical complexes in Saudi Arabia. Comparable in operating centralized utilities for petrochemical zones.
• ENGIE: Global utility operator with industrial customer focus, including cogeneration/CHP, steam and water services to large industrial zones. Comparable in offering integrated utilities to industrial customers at scale.

Others

• Siemens Energy: Manufacturer of gas and steam turbines, including large utility-grade units comparable to the 11 turbogenerators in Fajr's fleet. Adjacent ecosystem participant as equipment supplier.
• MAN Energy Solutions: Major manufacturer of large-scale industrial turbines, engines, and power plant equipment used in petrochemical and refinery utility operations globally. Adjacent as turbine and overhaul technology supplier.

Regional players

• Mobarakeh Steel Company: Iran's largest steelmaker operating extensive captive utility infrastructure (power, water, gases) for its Isfahan complex. Comparable as a large Iranian industrial utility operator with similar centralized infrastructure model.

Direct peers

• Air Products and Chemicals: Global industrial gases supplier providing oxygen, nitrogen, and argon to petrochemical complexes worldwide. Comparable to Fajr's air separation business supplying gas streams to Bandar Imam Khomeini zone tenants.
• Linde plc: World's largest industrial gases company with significant merchant and onsite gas supply to petrochemical complexes globally. Overlaps with Fajr's liquid and gaseous oxygen, nitrogen, and argon production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeaparat.com/fajrco
• LinkedInlinkedin.com/company/persain-gulf-fajr-energy-company
• Instagraminstagram.com/fajrenergy

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Fajr Energy Company