Ludwigshafen, Germany — German press reports hint that BASF is drawing closer to commissioning Linde to build a petrochemical complex near Assaluyeh, Iran.
The latest report, published in Handelsblatt, a newspaper, builds on reports in Iranian news sources from February this year, which quote Parviz Sahafzadeh, deputy director of Iran's Petrochemical Employer's Federation as saying that "a memorandum of understanding worth EUR 6bn has been inked between the German firm and one Iranian petrochemical company for construction of a huge petrochemical complex."
He continued that "BASF will undertake the project for establishing a large petrochemical plant in the second phase of Assaluyeh...The complex will make ethylene in its first phase and polyethylene in the second." Assaluyeh is a port located on the Persian Gulf adjacent to the South Pars gas field.
BASF said in a statement: "It is our company’s policy not to comment on market rumors or speculation." The firm added: "BASF markets numerous products in Iran. Besides a sales office in Tehran, BASF operates a polyurethane system house for the production of plastics northwest of the Iranian capital – currently with considerably limited operational activity.
"BASF’s production in and export to Iran is limited to those products that are not subject to trade controls or for which BASF has official export approval.
BASF added it "has very good and long-term business relations with its customers in Iran and has been active in the country without interruption since 1959."