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Iran signs first petrochemical deal post-sanctions

Petrochemicals

Iran has signed its first petrochemical contract post-sanctions with Switzerland’s Welding Engineers Ltd for construction of the finishing unit of a petrochemical company in Assaluyeh

The managing director of Sadaf Petrochemical Assaluyeh Company Ahmad Jazayeri said that the Swiss company will help his company to build a plant for production of the synthetic polymer emulsion styrene butadiene rubber (ESBR), a strategic product used in the petrochemical industry and rubber manufacturing for both domestic use and global exports.

Italy’s Versalis and Maire Tecnimont will help the Swiss firm build the plant, confirmed Welding Engineers Ltd, for design, construction and startup of the finishing area of the project, the official added.

Welding Engineers Ltd will be responsible for drying, wrapping and packaging process at the final stage of production of the ESBR before presenting to the market.

With the launch of this production line, 136,000 metric tonnes of finished products in five categories will be manufactured a year, two of which will be used in production of tires and the rest in the plastic industry.

The plant is the first in Iran and the region and the product is environmentally-friendly.

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