Established in 2010, the Persian Gulf Petrochemical Industries Company (PGPIC) is the largest specialized petrochemical holding in Iran, comprising a broad network of subsidiaries engaged in production, engineering, trading, investment, education, and services. Initially launched as a state-owned public joint-stock company, PGPIC transitioned to private ownership in 2013 in alignment with Article 44 of the Iranian Constitution, which promotes privatization and economic liberalization.