Kimia Pars Middle East Petrochemical Company
Middle East Kimiaye Pars Petrochemical Company (MEKPCO) is a Petrofarhang Holding-owned producer of AA-grade methanol. Founded in 2007, it operates a 1.65 million-tonne-per-year methanol complex in Asaluyeh, Bushehr Province, while maintaining its headquarters in Tehran. The company is relevant to Iranian methanol export supply, but its OFAC designation is a central constraint for commercial counterparties and investors.
Operations & footprint
Products and services
Kimia Pars Middle East Petrochemical Company operates a methanol-focused petrochemical complex in the South Pars energy zone, producing export-oriented methanol from natural gas feedstock. Its operations are linked to Assaluyeh special-zone infrastructure, gas-to-chemicals conversion, petrochemical cargo movement, industrial solvents, fuel additives, and sanctions-sensitive methanol trade.
Operations and assets
The company operates an AA-grade methanol complex at Asaluyeh Port in the Pars Energy Special Economic Zone. Stated annual production capacity is 1.65 million tonnes; operations began on 28 May 2020.
Geographic footprint
Headquartered in Tehran, with production operations in Asaluyeh, Bushehr Province, Iran.
Ownership & group structure
Ownership
Petrofarhang Holding
Parent company
Petrofarhang Holding
Commercial and investment relevance
Kimia Pars Middle East is relevant for investors assessing Iran's methanol capacity, gas-based petrochemical exports, Assaluyeh special-zone infrastructure, feedstock pricing, and sanctions-sensitive trading channels. It can support analysis of product-flow exposure, export logistics, port access, payment restrictions, and downstream methanol markets. Due diligence should prioritize sanctions screening, ownership verification, current operating status, product sales routes, insurance availability, customer exposure, banking channels, and separation from similarly named non-petrochemical Kimia Pars entities. The company is an export-oriented source of methanol from the South Pars-linked petrochemical cluster. Its scale and Asaluyeh location make it relevant to methanol buyers, shipping counterparties and suppliers serving Iranian petrochemical exports.
Constraints, risk & compliance
Key risks and constraints
The business is concentrated in a single methanol asset and export-oriented sales model. Its commercial access is materially constrained by US sanctions designation and the resulting effects on counterparties, payments, shipping and insurance.
Sanctions and compliance considerations
Middle East Kimiya Pars Co. is designated by the US Treasury Department’s Office of Foreign Assets Control under the IRAN-EO13846 programme, with a stated linkage to Triliance Petrochemical Co. Ltd. Engagement requires enhanced sanctions and secondary-sanctions screening.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Middle East Kimiaye Pars Petrochemical Company produce?
The company produces AA-grade methanol at its Asaluyeh petrochemical complex, which has stated annual capacity of 1.65 million tonnes.
Who owns MEKPCO?
MEKPCO is owned by Petrofarhang Holding.
Where does MEKPCO operate?
Its production complex is in Asaluyeh, Bushehr Province, within the Pars Energy Special Economic Zone. The company is headquartered in Tehran.
Is Middle East Kimiaye Pars Petrochemical Company sanctioned?
Yes. Middle East Kimiya Pars Co. is designated by the US Treasury Department’s Office of Foreign Assets Control under the IRAN-EO13846 programme.