Deputy Director of Iran’s Petrochemical Employers Association Parviz Sahafzadeh described the latest status of talks with BASF SE of Germany saying “a Memorandum of Understanding (MoU) worth six billion euros has been inked between the German firms and one Iranian petrochemical company for construction of a huge petrochemical complex.”
“On the basis of the reach agreement, BASF will undertake the project for establishing a large petrochemical plant in the 2nd phase of Asaluyeh; “the complex will produce ethylene in its first phase and various grades of polyethylene in the second.”
He emphasized that a portion of the products will be purchase by BASF while the rest will be exported “final talks are being held with BASF on gas sale prices as well as creation of processing units and value chain and the final agreement will soon be sealed with the German company.”
