Mehr Petrochemical Company
Mehr Petrochemical Company is a private Iranian producer of high-density polyethylene (HDPE), operating a 13-hectare site in Asaluyeh’s Pars Special Economic Energy Zone. Founded in 2005, it has nominal HDPE capacity of 300,000 tonnes per year and uses regional ethylene feedstock. It matters to polymer buyers and supply-chain analysts, while its OFAC SDN status is central to transaction feasibility.
Operations & footprint
Products and services
Mehr Petrochemical Company produces high-density polyethylene in different grades for downstream polymer industries. Its products serve injection molding, blow molding, film, pipe, packaging, containers, consumer plastics, industrial components, and export-oriented polymer markets connected to Asaluyeh's petrochemical and logistics infrastructure.
Operations and assets
The company operates a 13-hectare HDPE site in the second phase of the Pars Special Economic Energy Zone in Asaluyeh. The plant uses ethylene supplied from olefin complexes in the Asaluyeh region.
Geographic footprint
Production is based in Asaluyeh, Bushehr Province, within the Pars Special Economic Energy Zone. The company also maintains a Tehran office.
Ownership & group structure
Ownership
United Petrochemical Investment Group Singapore holds 60%; International Petrochemical Company holds 40% (ownership information as of 2023).
Commercial and investment relevance
Mehr Petrochemical is relevant for investors assessing Iran's HDPE supply, polymer exports, downstream plastic converters, Asaluyeh special-zone logistics, and sanctions-sensitive petrochemical trade. It can support analysis of packaging demand, pipe and container production, polymer-grade availability, export channels, and feedstock-linked cost structure. Due diligence should review current ownership, sanctions exposure, customer and export destinations, grade specifications, feedstock reliability, plant utilization, shipping routes, insurance constraints, and restrictions affecting payments or international polymer sales. For polymer buyers and converters, Mehr is a source of HDPE grades from the Asaluyeh petrochemical cluster. Suppliers and logistics counterparties must account for the plant’s dependence on regional ethylene availability and the compliance restrictions affecting cross-border transactions.
Constraints, risk & compliance
Key risks and constraints
Production depends on ethylene supplied by olefin complexes in the Asaluyeh region. Its single-site concentration also ties operations to local feedstock and industrial-zone conditions.
Sanctions and compliance considerations
Mehr Petrochemical Company is listed on the U.S. Treasury Department’s OFAC Specially Designated Nationals and Blocked Persons List under the IRAN-EO13846 program, with an OFAC linkage to Persian Gulf Petrochemical Industry Commercial Company. U.S.-nexus transactions and related banking, insurance, shipping and counterparty arrangements require specialist compliance review.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Mehr Petrochemical Company produce?
Mehr Petrochemical Company produces high-density polyethylene (HDPE) in multiple grades.
Where is Mehr Petrochemical Company located?
Its production site is in the second phase of the Pars Special Economic Energy Zone in Asaluyeh, Bushehr Province, Iran. The company also has a Tehran office.
What is Mehr Petrochemical Company’s nominal production capacity?
The company states nominal HDPE capacity of 300,000 tonnes per year.
Is Mehr Petrochemical Company subject to U.S. sanctions?
Yes. Mehr Petrochemical Company is listed on OFAC’s SDN List under the IRAN-EO13846 program.