L2 · DOSSIER
ProducerMahshahr / Bandar ImamSDN NPWMD / IFSR
Bandar Imam Petrochemical Co.
پتروشیمی بندر امام
Oldest large complex in the Mahshahr cluster (from the 1970s). Diversified: olefins, aromatics (naphtha from Abadan), PE/PP, chlor-alkali, fuels. Nominal capacity cited near 6 Mt; actual output has fallen toward ~3.6–5 Mt when feed and utilities were tight. ~9,700 staff, heavily Khuzestan-local. Sanctioned. IPO still pending.
- Short
- BIPC
- Founded
- 1973
- Area
- 270 ha
- Nameplate
- 6 Mt/y
- Staff
- 9,700
- PGPIC
- 69.3%
- Site
- PSEEZ, Bandar Imam Khomeini
PRODUCTS
Ethylene · PE · PP · Aromatics · Chlor-alkali · LPG · Fuels · Synthetic rubber
FEED
- Naphtha 1,000 kt — Abadan refinery
- NGL 3,200 kt — South oil fields / Hoveyzeh
- Salt 490 kt — Gulf seawater
- Methanol 187 kt — Fanavaran
OWNERSHIP
- PGPIC 69.3%
- Justice shares 30.01% — Equity / justice-share companies
ANALYST NOTES
- Also styled Imam Khomeini Petrochemical Co. on the holding site.
- OFAC listed several BIPC business units separately: Abniroo, Besparan, Faravaresh, Kharazmi, Kimiya.
- Public line under Ansari-Nik: “Bandar Imam Novin” — PP, PE, new chlor-alkali, NGL from Hoveyzeh, stake in Almas olefin — aiming at much higher polymer output and ~$4 billion product value over a decade.
- Mid-2026 comments on wartime damage and steam-plant rebuild. Operational CEO, not a Tehran political transplant.
- Controls Karun Petrochemical (~99.97%) and holds 32% of Almas Mahshahr olefin.
PEOPLE
- Abdolali Ali-Askari — ceo
- Yadollah Mosaddeghi-Fard — operator
- Sepehdar Ansari-Nik — operator
- Hamid Zare — board
EVENTS
- 2019-06-07OFAC designates PGPIC and 39 subsidiaries
- 2026-06BIPC wartime damage / steam-plant rebuild
- 2026-09Ali-Askari restored; Karimi and Ansari-Nik decreed