Petrono Group was formed to operate in the value chain of oil, gas, petrochemical, chemical, and pharmaceutical industries, and to diversify the business portfolio of MAAN Investment Group in high-growth industrial fields. Rapid changes in the market demand for energy, chemical, and pharmaceutical products; fast technological changes and an increase in the innovation rate of the products of these industries to improve living conditions; the existence of a high potential for their growth in the world, as well as the need to provide environmentally friendly services and products, led to the formation of Petrono Group.
Facing various challenges such as high levels of uncertainty in the market, technology, and environment; rapid changes in technology, business dynamics, and interwoven competition in the energy sector products; chemicals, and pharmaceuticals; made MAAN entry such fields.
In addition, the need to create new knowledge and skills for creating dynamic capabilities to understand the needs of the market and respond to them in due time led MAAN to play a role in various fields, relying on its accumulated knowledge.
This group, by acting in the entire value chain of energy-based industries, such as oil and gas, power petrochemicals, basic chemicals, polymers, special chemicals, and medicine, relies on its advantages in research and development as well as access to the international network, tries to create and provide value to its customers.