On the occasion of the 29th of December, the National Petrochemical Industry Day, I would like to express my sincere appreciation to all esteemed colleagues and organizations who have devoted their expertise and efforts to the development of our country’s petrochemical industry.
National Petrochemical Industry Day is not only a reminder of the remarkable achievements of this strategic sector, but also a symbol of our firm determination to build a brighter and more promising future through value creation, technological advancement, and a strong role in the national value chain.
Relying on your knowledge and professional experience as pioneers of development, the petrochemical industry has become one of the main pillars of the national economy. Despite today’s complex regional and international conditions, its distinguished achievements have been made possible only through the dedication, sacrifice, and tireless efforts of every member of this great family.
Our accomplishments, achieved under challenging global circumstances, are the result of your growing expertise, creativity, and resilience, through which you have stood firmly in the face of challenges.
I am confident that through continued unity and shared commitment, we will take even stronger steps toward achieving higher goals and the sustainable development of our beloved Iran, while further strengthening the position of Iran’s petrochemical industry on the global stage.
Happy Petrochemical Industry Day to all colleagues and professionals in this field.
Wishing you continued success
CEO
Ali Seifian
Introduction
Kourosh Petrochemical Industries Development Company (KPID) was originally established in February 2015 in Tehran under the name Petro Fanavari Polymer Karafarin. In 2016, the company officially adopted its current name, Kourosh Petrochemical Industries Development Company.
In mid-2024, KPID decided to play an active role in expanding and completing the value chain of Vinyl Chloride Monomer (VCM) and Polyvinyl Chloride (PVC). This mission aligns with the national strategic objective of reducing raw material exports and increasing the production of high-value, downstream, and export-oriented petrochemical products.
The company is currently constructing a VCM/PVC production complex with an annual capacity of 200,000 tons. PVC is a key downstream petrochemical product with broad applications across infrastructure, construction, automotive manufacturing, medical devices, food and packaging, and many other industrial sectors.
KPID also plans to expand its product portfolio by producing additional PVC grades, including E-PVC and C-PVC. This diversification aims to ensure a stable supply for domestic downstream industries while enhancing the company’s competitiveness in regional and global markets.
The KPID plant is located in the Petrochemical Special Economic Zone (PETZONE) in Mahshahr, Iran. This strategic location provides access to essential utilities, infrastructure, national transportation networks, railways, and other industrial services that support efficient construction and long-term operations.
Sivand Industrial Group currently holds a 60% ownership stake in KPID, while Karafarin Financial Group owns the remaining 40%.
KPID at a Glance
Company Name: Kourosh Petrochemical Industries Development Company (KPID)
Year Established: 2015
Headquarters: Tehran, Iran
Primary Business Focus: Development of VCM/PVC production facilities
Plant Capacity: 200,000 tons per year (VCM/PVC complex under construction)
Shareholders:
- Sivand Industrial Group – 60%
- Karafarin Financial Group – 40%
Site Location: Petrochemical Special Economic Zone (PETZONE), Mahshahr, Iran