Apadana Persian Gulf Petrochemical Company
Persian Gulf Apadana Petrochemical Company is a PGPIC-group methanol producer operating in Phase 2 of the Pars Energy Special Economic Zone in Asaluyeh, Bushehr Province. Its natural-gas-fed plant has nameplate capacity of 1.65 million tonnes of AA-grade methanol per year, making it relevant to Iranian methanol supply, utility infrastructure and sanctions-sensitive commodity trade.
Operations & footprint
Products and services
Persian Gulf Apadana Petrochemical Company produces methanol from natural-gas-based feedstock in the Phase 2 petrochemical area of the Pars Energy Special Economic Zone. Its operations are linked to South Pars feedstock, methanol exports, Asaluyeh utilities, bulk chemical logistics, and PGPIC-linked petrochemical value chains.
Operations and assets
The Phase 2 Asaluyeh complex uses natural gas feedstock and Casale SA methanol technology. Nameplate methanol capacity is 1.65 million tonnes per year. Oxygen is supplied by Damavand Petrochemical while an air-separation-unit project remains under negotiation.
Geographic footprint
Operations are located in Phase 2 of the Pars Energy Special Economic Zone in Asaluyeh, Bushehr Province, Iran. The company also has a Tehran office.
Ownership & group structure
Ownership
Part of Persian Gulf Petrochemical Industries Company (PGPIC).
Parent company
Persian Gulf Petrochemical Industries Company (PGPIC).
Reported scale
Scale note: In June 2024, the company sold IRR 10 trillion in lease-backed securities with a 23% annual nominal interest rate and four-year maturity to accelerate project completion.
Commercial and investment relevance
Apadana Persian Gulf Petrochemical is relevant for investors assessing Iran's methanol export capacity, gas-to-chemicals projects, PGPIC-linked industrial assets, and Asaluyeh special-zone logistics. It can support analysis of new methanol supply, feedstock allocation, utility dependence, marine export routes, and sanctions-sensitive commodity flows. Due diligence should review ownership through Mobin or PGPIC-linked structures, sanctions exposure, operating ramp-up, product offtake, export channels, payment restrictions, insurance and shipping constraints, and current plant utilization. Apadana is a major gas-to-methanol asset within the PGPIC industrial network. Buyers and trading counterparties face a concentrated bulk-chemical supply point in Asaluyeh, while suppliers are exposed to its requirements for gas, oxygen, utilities, plant services and export-chain support.
Constraints, risk & compliance
Key risks and constraints
Plant continuity depends on natural-gas feedstock and oxygen supply. The current reliance on Damavand Petrochemical for oxygen remains material while an on-site air separation unit is under negotiation. Sales are routed through an appointed trading company, concentrating the commercial interface outside the plant.
Sanctions and compliance considerations
The company is listed by the U.S. Treasury’s Office of Foreign Assets Control under the NPWMD and IFSR sanctions programs. Counterparties require sanctions, payment, shipping, insurance and trade-control screening before engagement.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Persian Gulf Apadana Petrochemical Company produce?
The company produces AA-grade methanol with 99% purity from natural-gas feedstock.
Where is Apadana Petrochemical located?
Its plant is in Phase 2 of the Pars Energy Special Economic Zone in Asaluyeh, Bushehr Province, Iran.
What is Apadana Petrochemical’s methanol capacity?
The plant has nameplate capacity of 1.65 million tonnes of methanol per year.
Who owns Persian Gulf Apadana Petrochemical Company?
The company is part of Persian Gulf Petrochemical Industries Company (PGPIC).