Iran Chemical Industries Investment Company
Iran Chemical Industries Investment Company Public Joint Stock Company is a Tehran Stock Exchange-listed producer of linear alkylbenzene and normal paraffin, operating an integrated chemical complex in Isfahan with an executive office in Tehran. Known by the ticker Shiran, it is a major supplier to Iran’s detergent-feedstock chain and is subject to U.S. secondary sanctions.
Operations & footprint
Products and services
Iran Chemical Industries Investment Company manufactures linear alkylbenzene, normal paraffin, heavy alkylate, and related hydrocarbon chemical products used in detergents, surfactants, industrial chemicals, lubricants, and downstream manufacturing. Its operations include normal-paraffin production, LAB production, alkylation, hydrocarbon processing, industrial laboratory and quality-control activities, domestic supply, product storage, commercial sales, and export of chemical intermediates.
Operations and assets
The company operates a 342,000-square-metre chemical complex on the Isfahan–Tehran Road. The site uses Honeywell UOP hydrofluoric-acid-catalysed alkylation technology. Stated expanded design capacity is 75,000 metric tonnes per year of LAB and 140,000 metric tonnes per year of normal paraffin.
Geographic footprint
Production is based in Isfahan, with an executive office in Tehran.
Ownership & group structure
Ownership
Bank Industry and Mine was the controlling group as of September 2023, with approximately 86.25% aggregate group ownership. Bank Industry and Mine held about 49.98% directly, while Atieh Demavand Investment Group held about 20.09%.
Parent company
Bank Industry and Mine
Reported scale
Scale note: Registered capital was approximately IRR 54.43 trillion as of September 2023.
Commercial and investment relevance
ICIIC is relevant for investors assessing Iran's LAB and normal-paraffin markets, detergent feedstocks, chemical exports, refinery-petrochemical integration, listed chemical exposure, industrial margins, and sanctions-sensitive trade. It can support analysis of domestic detergent demand, feedstock economics, product spreads, export competitiveness, energy reliability, and the degree of local chemical self-sufficiency. Due diligence should treat the company as high compliance risk and review current OFAC sanctions status, TSE and Codal disclosures, ownership, feedstock arrangements, technology licensing, production capacity, product mix, domestic market share, export destinations, shipping and payment channels, environmental liabilities, energy supply, customer concentration, and restrictions affecting finance, chemical trade, or logistics. LAB is a core detergent and surfactant intermediate, while normal paraffin is the principal input to the company’s LAB chain. The business is therefore relevant to detergent producers, hydrocarbon-feedstock suppliers and counterparties requiring domestic Iranian chemical supply.
Constraints, risk & compliance
Key risks and constraints
Operations rely on normal-paraffin processing and HF-catalysed alkylation at a single Isfahan complex. Plant availability, feedstock continuity and safe handling of hydrofluoric acid are material operating considerations.
Sanctions and compliance considerations
Iran Chemical Industries Investment Company was designated by the U.S. Department of the Treasury on 29 September 2022 under Executive Order 13846 and is subject to U.S. secondary sanctions. The designation cited material support to Triliance Petrochemical Co. Ltd. Transactions require sanctions screening and specialist legal review.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Iran Chemical Industries Investment Company produce?
The company produces linear alkylbenzene (LAB) and normal paraffin, inputs used primarily in detergent and surfactant manufacturing.
Where does Iran Chemical Industries Investment Company operate?
Its production complex is located on the Isfahan–Tehran Road in Isfahan, and it maintains an executive office in Tehran.
Is Iran Chemical Industries Investment Company publicly listed?
Yes. The company is listed on the Tehran Stock Exchange under the ticker شیران (Shiran).
Is Iran Chemical Industries Investment Company sanctioned?
Yes. It has been designated by the U.S. Department of the Treasury under Executive Order 13846 since 29 September 2022 and is subject to U.S. secondary sanctions.