Karoun Petrochemical Company
Karoun Petrochemical Company is a Mahshahr-based producer of TDI, MDI and related polyurethane-chain chemicals in Bandar Imam Petrochemical Special Economic Zone. Affiliated with Petrochemical Commercial Company and ultimately Iran’s National Petrochemical Company, it has stated annual capacity of 40,000 tonnes each for TDI and MDI. Its SDN designation makes sanctions compliance decisive for any commercial engagement.
Operations & footprint
Products and services
Karoun Petrochemical Company produces isocyanate-based petrochemical products, including toluene diisocyanate, methylene diphenyl diisocyanate, and related polyurethane-chain materials. Its products serve polyurethane foam, insulation, automotive parts, construction materials, adhesives, coatings, furniture, footwear, and other downstream chemical and industrial applications.
Operations and assets
The Mahshahr site in Bandar Imam PETZONE manufactures TDI and MDI, each with stated annual production capacity of 40,000 tonnes. Its product range also includes caustic soda, aniline, nitrobenzene and hydrochloric acid.
Geographic footprint
Operations are located in Mahshahr, Khuzestan Province, Iran, within Bandar Imam Petrochemical Special Economic Zone.
Ownership & group structure
Ownership
Affiliated with Petrochemical Commercial Company (PCC) and ultimately with Iran’s National Petrochemical Company (NPC).
Commercial and investment relevance
Karoun Petrochemical is relevant for investors assessing Iran's specialty petrochemical chain, polyurethane inputs, downstream construction and automotive materials, exportable chemical intermediates, and Mahshahr's industrial cluster. It can support analysis of domestic substitution for imported isocyanates, customer concentration in polyurethane users, environmental and safety requirements, and port-linked export channels. Due diligence should review ownership, sanctions exposure, feedstock access, product quality, safety controls, environmental compliance, shipping routes, and payment restrictions for chemical exports. The company supplies isocyanates and upstream chemical intermediates used across the polyurethane chain. It is relevant to customers and suppliers seeking TDI or MDI exposure in Iran’s Bandar Imam petrochemical cluster, subject to stringent sanctions compliance.
Constraints, risk & compliance
Key risks and constraints
Production and handling of isocyanates, aniline, nitrobenzene, caustic soda and hydrochloric acid require robust process-safety, hazardous-materials and environmental controls. Operations are concentrated at a single Mahshahr site.
Sanctions and compliance considerations
Karoun Petrochemical Company has been listed by OFAC as a Specially Designated National since 7 June 2019 under Executive Order 13382 for being owned or controlled by Persian Gulf Petrochemical Industry Co. The listing is associated with the NPWMD and IFSR programmes. Transactions involving the company require specialist sanctions screening and legal review.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Karoun Petrochemical Company produce?
Karoun produces TDI 80/20, MDI and related polyurethane-chain chemicals, as well as caustic soda, aniline, nitrobenzene and hydrochloric acid.
Where is Karoun Petrochemical Company located?
Its operations are in Mahshahr, Khuzestan Province, within the Bandar Imam Petrochemical Special Economic Zone in Iran.
What are Karoun Petrochemical’s stated TDI and MDI capacities?
The company states annual capacity of 40,000 tonnes for TDI and 40,000 tonnes for MDI.
Is Karoun Petrochemical Company subject to US sanctions?
Yes. Karoun Petrochemical Company has been listed on OFAC’s Specially Designated Nationals list since 7 June 2019.