Iran, Germany sign petrochemical co-op deal
Baku, Azerbaijan, Aug. 2
By Fatih Karimov – Trend:
Iran’s Kian Petrochemical company and Germany’s engineering company Linde signed a cooperation deal in Tehran, Aug. 2, SHANA news agency reported.
Under the deal, Linde will provide the Iranian counterpart with FEED (Front End Engineering Design) of Olefin unit of its petrochemical complex.
FEED means Basic Engineering which is conducted after completion of Conceptual Design or Feasibility Study.
The project which will be implemented within a 12-month period is estimated to cost 35 million euros.
Kian Petrochemical was established in 2012 in the Special Economic Petrochemical Zone at Assaluyeh, southern Iran for the implementation of the country's 12th Olefin project.
The scheme is in the form of an Olefin-Aromatics complex, which together with the associated downstream units will embrace a total annual capacity of 7.5 million tons of intermediate and final products.