Mamasani Petrochemical Industries Company
Mamasani Petrochemical Industries Company (MIPC) is a PGPIC subsidiary developing a heavy polyethylene project in Noorabad Mamasani, Fars Province. The planned unit has nominal HDPE capacity of 300,000 tonnes per year, with ethylene intended to come from Gachsaran Petrochemical. PGPIC still classified the project as ongoing in 2023, making completion and commissioning status the principal constraint on its prospective supply role.
Market position
Mamasani is positioned as a planned domestic and export-oriented HDPE producer rather than a confirmed operating supplier. Its 300,000-tonne-per-year design capacity would be supported by a dedicated ethylene supply plan from Gachsaran Petrochemical, linking an upstream olefin source to downstream polymer demand in Fars Province. The project remained classified as ongoing in 2023, so its commercial position depends on completion and commissioning.
Operations & footprint
Products and services
Mamasani Petrochemical Industries Company is a project-stage petrochemical company planned around polyethylene production and related downstream polymer value chains. Its expected role is linked to gas-based petrochemical feedstock, polymer materials, packaging, pipe, film, agriculture, molded products, and inland manufacturing supply in Fars Province.
Operations and assets
The project is located on a reported 93-hectare allocated site in the Shourjongan region of Noorabad Mamasani. Its planned HDPE unit has nominal capacity of 300,000 tonnes per year; Versalis is identified as the HDPE licensor, while Basel is identified as general project licensor.
Geographic footprint
Fars Province, Iran. The planned facility is in Noorabad Mamasani, in the Shourjongan region on Babamanir Road.
Ownership & group structure
Ownership
Persian Gulf Petrochemical Complementary Industries Development and Investment Group (Petrol) held a reported 67.18% stake in 2023. Mamasani Petrochemical Industries Company was identified as a subsidiary of Persian Gulf Petrochemical Industries Co. (PGPIC).
Parent company
Persian Gulf Petrochemical Industries Co. (PGPIC).
Commercial and investment relevance
Mamasani Petrochemical is relevant for investors assessing Iran's delayed petrochemical projects, inland polymer development, EPC demand, regional industrial policy, and the feasibility of moving petrochemical capacity beyond established Gulf hubs. It can support analysis of future polyethylene supply, construction risk, technology and procurement gaps, and local employment expectations in Fars Province. Due diligence should verify current project progress, shareholder structure, PGPIC or holding-company exposure, financing, feedstock allocation, environmental permits, contractors, sanctions risk, and whether commercial production has actually begun. The intended product slate serves polymer converters making packaging, industrial containers, agricultural films and molded goods. The planned ethylene link to Gachsaran Petrochemical is commercially material because it underpins the project’s proposed feedstock supply. The asset’s relevance to buyers and suppliers remains prospective while the project is ongoing.
Constraints, risk & compliance
Key risks and constraints
Execution risk remains material because PGPIC described the development as an ongoing project in 2023, while an earlier expectation placed operation in Iranian year 1403, spanning March 2024 to March 2025. Physical progress was not disclosed in the available evidence. Feedstock delivery from Gachsaran Petrochemical and confirmation of commissioning are key diligence items.
Sanctions and compliance considerations
The company is part of the PGPIC group structure and operates in Iran’s petrochemical sector. Counterparties should conduct current, transaction-specific sanctions, export-control, ownership and banking compliance checks; the available evidence does not establish a compliance outcome.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Mamasani Petrochemical Industries Company plan to produce?
The project is planned to produce heavy polyethylene (HDPE), with nominal capacity of 300,000 tonnes per year.
Is Mamasani Petrochemical Industries Company operating?
PGPIC described it as an ongoing project in 2023. Current construction, commissioning and production status should be independently confirmed.
Who owns Mamasani Petrochemical Industries Company?
It is identified as a PGPIC subsidiary. Petrol reportedly held a 67.18% stake in 2023.
What feedstock is planned for the HDPE project?
The project is planned to use 303,000 tonnes per year of ethylene from Gachsaran Petrochemical and 5,000 tonnes per year of butene-1.