Spain, Denmark to invest in iran's petchem industry

News ID: 3834109 -
TEHRAN, Nov. 26 (MNA) – An NPC official has announced that two Spanish and Danish firms have voiced readiness to participate and invest in Iran's petrochemical industry. 

Director for Investment of National Petrochemical Company (NPC) Hossein Alimorad, while describing the latest status of negotiations with new developmental partners in the country's petrochemical industry, said "following the talks with German banks and firms on reopening a three-billion-euro Line of Credit (LOC), similar dialogues have been conducted with companies from Spain and Denmark." 

"SERCOBE (Spanish National Association of Capital Goods Manufacturers) has expressed willingness to partake in the Iranian industry," noted the official asserting "reopening of new LOCs remains as one axis of talks with the Spanish side." 

He stressed that talks have begun to determine timespan of joint cooperation estimating that final agreement will be soon reached with SERCOBE. 

A high-ranking SERCOBE official, on the sidelines of a meeting with NPC authorities in Tehran, had voiced his company's eagerness to provide Damavand Petrochemical Company with long-term financing. 

Alimorad also elaborated on the held talks with Haldor Topsøe, as the largest chemical industry company of Denmark, explaining "three issues have so far been dealt with in the course of negotiations with the Danish firm." 

"The three axis of talks include transfer of technical knowledge, investment and finanicng," said the official reiterating that Haldor Topsøe has expressed readiness to continue its participation in Iran's petrochemical industry. 

Earlier on the sidelines of K Trade Fair 2016, the world's premier fair for the plastics and rubber industry in Germany, Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei and Director general of the Association of Petrochemical Industry Corporations (APIC) Ahmad Mahdavi held talks with top officials of Haldor Topsoe over investment, knowledge and technology transfer and the supply of Iran’s petrochemical projects with licenses. 

On the basis of the negotiations, the Danish firm expressed readiness to participate in new projects for production of urea, ammonia and methanol in Iran’s petchem industry. 

HA/3833887 

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