National Petrochemical Industrial Company
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National Petrochemical Industrial Company - overview
Location
Jeddah, -, Saudi Arabia
Primary Industry
Oil & Gas
About
National Petrochemical Industrial Company (NATPET) is a leading manufacturer of polypropylene, providing high-quality thermoplastic solutions for various industries globally. NATPET specializes in the production of polypropylene and operates from its headquarters in Jeddah, Saudi Arabia. The company has successfully engaged in two investment rounds, with the most recent being a TRADE SALE in January 2024, where LyondellBasell Industries N. V.
acquired a 35% minority stake for SAR 1. 87 million, equating to a total amount raised of SAR 1. 87 million. The CEO of NATPET is Fahad Althiban.
NATPET specializes in the production of polypropylene, which includes homopolymers, random copolymers, and heterophasic copolymers, all produced using the Spheripol® process licensed from LyondellBasell. These products cater to diverse applications such as automotive components, packaging materials, and consumer goods, serving clients across Asia, Europe, and North America with high-quality polypropylene designed for various industrial needs. NATPET's revenue model is driven by B2B sales of its polypropylene products, primarily through contractual agreements and direct sales to industrial clients. The sales structure accommodates wholesalers and distributors, who further supply smaller manufacturers and retailers.
The pricing model is tailored based on product type and order volume, ensuring alignment with client needs while leveraging its proprietary Spheripol® technology for competitive pricing and performance advantages. In January 2024, LyondellBasell Industries N. V. agreed to acquire a 35% minority stake in NATPET, which will enhance LyondellBasell's polypropylene business capabilities.
This acquisition is expected to facilitate the expansion and upgrading of NATPET's product offerings. The company is strategically positioned to explore new markets and geographic regions, fostering growth and innovation in its polypropylene production. Specific details on upcoming products or exact market targets have not been disclosed.
Current Investors
Alujain Corporation
Primary Industry
Oil & Gas
Sub Industries
Petroleum Refining, Chemicals
Website
www.natpet.com
Total Amount Raised
Subscriber access only
National Petrochemical Industrial Company - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, LP Direct | Completed | Geonatpet Geosynthetics | - | ||||||||
| Trade Sale | Completed | National Petrochemical Industrial Company | - | ||||||||
| LP Direct | Completed | National Petrochemical Industrial Company | - |
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