Fanavaran Petrochemical Company
Fanavaran Petrochemical Company is a TSE-listed Iranian producer of methanol, carbon monoxide and acetic acid. Controlled by TAPPICO within the SHASTA group, it operates a 1.29 million-tonne-per-year design-capacity complex in the Mahshahr petrochemical zone. Its acetic-acid position and export products make it commercially significant, while its U.S. sanctions designation is central to transaction assessment.
Operations & footprint
Products and services
Fanavaran Petrochemical Company produces methanol, acetic acid, carbon monoxide, related chemical intermediates, and utility-linked petrochemical products in the Mahshahr petrochemical zone. Its operations include gas-based methanol production, downstream chemical conversion, acid production, product storage, loading, domestic industrial sales, export sales, maintenance activity, and integration with Mahshahr port and petrochemical infrastructure.
Operations and assets
The company operates on approximately 25 hectares in the Special Petrochemical Economic Zone. Its installed nominal design capacity totals 1.29 million tonnes per year, comprising a 1.0 million-tonne-per-year methanol unit, a 140,000-tonne-per-year carbon monoxide unit and a 150,000-tonne-per-year acetic acid unit.
Geographic footprint
Production is based in Bandar Imam Khomeini/Mahshahr, Khuzestan Province, with administrative operations in Tehran. Methanol and acetic acid form part of its export product slate.
Ownership & group structure
Ownership
Tamin Petroleum and Petrochemical Investment Co. (TAPPICO) holds approximately 50.31%. Other major shareholders include Civil Servants Pension Fund Investment Co. and Taban Forda Petrochemical Group Co.
Parent company
Social Security Investment Company (SHASTA), through TAPPICO.
Commercial and investment relevance
Fanavaran is relevant for investors assessing Iran's methanol and basic-chemical exports, listed petrochemical exposure, Mahshahr cluster economics, gas-feedstock sensitivity, global methanol pricing, and sanctions-sensitive export routes. It can support analysis of how feedstock pricing, plant utilization, China-facing demand, port logistics, utility reliability, and acetic acid margins affect profitability. Due diligence should treat the company as high compliance risk and review updated Codal disclosures, TSE trading status, OFAC sanctions status, ownership, product slate, feedstock and utility contracts, export destinations, shipping and insurance arrangements, customer concentration, environmental compliance, maintenance shutdowns, payment channels, and restrictions affecting petrochemical trade. The company links large-scale methanol production with downstream acetic acid output in the Mahshahr petrochemical cluster. It is relevant to counterparties seeking Iranian basic chemicals and to buyers assessing domestic acetic-acid supply.
Constraints, risk & compliance
Key risks and constraints
The production complex is exposed to operational continuity across its integrated methanol, carbon monoxide and acetic-acid units. Its export-oriented methanol and acetic-acid business also faces material constraints on sales, shipping, insurance and payment arrangements arising from its sanctions designation.
Sanctions and compliance considerations
Fanavaran Petrochemical Company has been listed by the U.S. Treasury’s Office of Foreign Assets Control as a Specially Designated National since 16 June 2022 under Executive Order 13846. The designation relates to Iranian petrochemical sales, brokering and shipment networks and requires sanctions screening before any transaction or commercial engagement.
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Frequently asked questions
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What does Fanavaran Petrochemical Company produce?
Fanavaran produces AA-grade methanol, carbon monoxide and acetic acid from its Mahshahr production complex.
Where is Fanavaran Petrochemical Company located?
Its production facility is in Site 3 of the Special Petrochemical Economic Zone at Bandar Imam Khomeini/Mahshahr, Khuzestan Province. The company also has an administrative office in Tehran.
Is Fanavaran Petrochemical Company publicly listed?
Yes. The company is listed on the Tehran Stock Exchange Main Market under ticker شفن (SHAFAN).
Is Fanavaran Petrochemical Company sanctioned?
Yes. The company has been listed on the U.S. OFAC Specially Designated Nationals list since 16 June 2022 under Executive Order 13846.