Chemicals

Listed as a French member of the Franco-Iranian Chamber of Commerce and Industry

"China National Aero-Technology Import& Export Corporation (Catic) has agreed to invest €2 billion in building a petrochemical plant in Iran. The two countries have signed an agreement in Beijing, based on which the Chinese company will invest €2 billion in building a petrochemical plant in Iran's southern province of Bushehr, Iran's Mehr news agency reported on June 10." (Trend, "China agrees to invest €2 bln in building petrochemical plant in Iran" 6/10/2014)

According to its Company Website, IPS ’s Dubai-based member company IPS Trade FZE serves as a base point to “deliver materials to its neighbor countries” including Iran. (IPS BV Group Website, “IPS Group: IPS Trade FZE”) 

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“At this week's annual Oil, Gas and Petrochemical Fair in Tehran, a massive event that attracted 600 foreign companies, Lee said she was here to stay…Behrooz Nateghi, of IPS Group BV, a Dutch purchasing company still operating in Iran's petrochemical, oil and gas industries, said the lifting of sanctions would change the business outlook. Attracting ‘the clients we lost in the past few years’ will be the priority, he said.” (AFP, “China may lose out if Iran oil sanctions lifted,” 5/9/14)

GNFC provides “commissioning services for TDI, Methanol and other plants” located in Iran. (GNFC WEbsite, "36th Annucal Report: 2011-2012") 

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“Iran is likely to supply gas at USD 3 per mmbtu for India's proposed urea and ammonia plant to be set up in the Persian Gulf nation. Rashtriya Chemicals and Fertilisers (RCF) and Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) have been jointly working on this project. The project will also include an Iranian firm. The project is proposed to set up at a petrochemicals hub at Chahbahar, Iran, using natural gas as feedstock with an estimated investment of about Rs 7,000 crore. ‘Talks are at an advanced stage and there have been indications from the Iranian authorities for supplying gas at USD 3 per mmbtu,’ sources said. As per the proposal, the Iraninan government will assure supply of gas at fixed rate and India will lift the total quantity of soil nutrients produced at the proposed plant. Work on the project has expedite following the lifting of sanctions on Iran by the US in November last year…The Fertiliser Ministry had also received a letter from the Iranian embassy inviting a delegation from India to discuss gas prices and supply for the proposed urea plant there, sources added.  However, the Indian government is already in talks with Iran to provide financial assistance and develop Chabahar port.” (Business Standard, “Iran may supply gas at $3/mmbtu to India's proposed urea plant,” 4/17/14) 

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"India is likely to expedite the process of setting up of urea and chemical plants in Iran and a delegation may visit the country next month discussions on gas prices as the Persian Gulf nation gets relief from global sanctions. Rashtriya Chemicals and Fertilisers (RCF), Gujarat Narmada Valley Ferilisers & Chemicals (GNFC) and Gujarat State Ferilisers & Chemicals Ltd (GSFCL) are planning to jointly set up urea and chemical plants in Iran with an estimated investment of Rs 7,500-8,000 crore…’A delegation of officials from the Fertiliser Ministry, RCF, GNFCL and GSFCL are likely to visit Iran next month to discuss about assured gas supply and prices for the proposed urea plant to be set up there,’ a senior official of GNFC told PTI. The plant is proposed to set up at a petrochemicals hub at Chahbahar, Iran, using natural gas as feedstock. ‘Gas prices are lower in Iran as compared to domestic prices. This is the reason we are looking forward to set up a plant in Iran,’ the GNFC official said. However, Indian government is already in talks with Iranian government to provide financial assistance and develop Chabahar port.” (Economic Times, “Indian delegation may visit Iran for discussions on urea plant,” 11/25/13)

"With the sanctions squabble escalating between Iran and the US, New Delhi is instructing Indian firms to go slow on the proposed projects in Chabahar Free Trade Zone lest their financial transactions and technology imports from the rest of the world get caught in the crossfire. The first message from the Ministry of External Affairs has been conveyed to the Department of Fertilisers to instruct state-run Rashtriya Chemicals and Fertilisers (RCF) - which had been directed last November to shortlist the Iranian joint venture partner and firm up the feasibility report for the urea project - to suspend further actions. The MEA has told the Department of Fertilisers that it "must wait for some time before taking any further decision". It said that it would subsequently clarify India's stand on Iran, including the possibility of funding the project." (Indian Express, "Rising Iran-US tensions: Govt Asks Indian Firms To Go Slow On Chabahar Projects," 3/29/2017).
 

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“Iran is likely to supply gas at USD 3 per mmbtu for India's proposed urea and ammonia plant to be set up in the Persian Gulf nation. Rashtriya Chemicals and Fertilisers (RCF) and Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) have been jointly working on this project. The project will also include an Iranian firm. The project is proposed to set up at a petrochemicals hub at Chahbahar, Iran, using natural gas as feedstock with an estimated investment of about Rs 7,000 crore. ‘Talks are at an advanced stage and there have been indications from the Iranian authorities for supplying gas at USD 3 per mmbtu,’ sources said. As per the proposal, the Iraninan government will assure supply of gas at fixed rate and India will lift the total quantity of soil nutrients produced at the proposed plant. Work on the project has expedite following the lifting of sanctions on Iran by the US in November last year…The Fertiliser Ministry had also received a letter from the Iranian embassy inviting a delegation from India to discuss gas prices and supply for the proposed urea plant there, sources added.  However, the Indian government is already in talks with Iran to provide financial assistance and develop Chabahar port.” (Business Standard, “Iran may supply gas at $3/mmbtu to India's proposed urea plant,” 4/17/14) 

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"India is likely to expedite the process of setting up of urea and chemical plants in Iran and a delegation may visit the country next month discussions on gas prices as the Persian Gulf nation gets relief from global sanctions. Rashtriya Chemicals and Fertilisers (RCF), Gujarat Narmada Valley Ferilisers & Chemicals (GNFC) and Gujarat State Ferilisers & Chemicals Ltd (GSFCL) are planning to jointly set up urea and chemical plants in Iran with an estimated investment of Rs 7,500-8,000 crore…’A delegation of officials from the Fertiliser Ministry, RCF, GNFCL and GSFCL are likely to visit Iran next month to discuss about assured gas supply and prices for the proposed urea plant to be set up there,’ a senior official of GNFC told PTI. The plant is proposed to set up at a petrochemicals hub at Chahbahar, Iran, using natural gas as feedstock. ‘Gas prices are lower in Iran as compared to domestic prices. This is the reason we are looking forward to set up a plant in Iran,’ the GNFC official said. However, Indian government is already in talks with Iranian government to provide financial assistance and develop Chabahar port.” (Economic Times, “Indian delegation may visit Iran for discussions on urea plant,” 11/25/13)

As of June 8, 2020, SCG is listed on the Pennsylvania Department of General Services Iran Free Procurement List. Entities included on this list are ineligible to enter into a contract with the Commonwealth of Pennsylvania for goods and services worth at least $1,000,000 per sections 3501-3506 of the Commonwealth Procurement Code, 62 Pa. C.S. §§ 3501-3506.

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"Before sanctions, European banks such as HSBC, Société Générale, BNP Paribas and Deutsche Bank invested $10bn in petrochemical projects, which Iran used to import technology. Currently the only foreign production partner is SCG, of Thailand, which has a contract with a polyethylene company worth about €300m.” (Financial Times, “Iran says investors spooked by warnings on sanctions violations,” 2/9/14)

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“The Siam Cement Group (SCC) has entered into a $225 million joint venture in Iran to produce HDPE with the production capacity of 300,000 ton per year, and is expected to start commercial operation by the first half of 2008. SCC will retain a 38% stake in the project, while National Petrochemical Company of Iran, Itochu Corporation of Japan, and National Petrochemical Company of Thailand, all of whom are experienced in the petrochemicals industry, will hold stakes of 40%, 12%, and 10%, respectively. SCC?s investment in equity will be approximately $26 million or 1,040 MB. Moreover, the project?s risks have been managed with the insurance coverage issued by the Multilateral Investment Guarantee Agency (MIGA) and the Nippon Export and Investment Insurance (NEXI). MIGA is a unit of the World Bank Group. This initiative is in line with SCC?s strategy to gain access into the middle-east region which contains the world?s lowest cost petrochemicals feedstock. In particular, the HDPE plant will derive its feedstock from Iran olefins crackers, which is considered to be globally competitive and are of great importance to their national petrochemicals program. Hence, the project is enhanced with an integrated feedstock supply and committed long term viability. Furthermore, this investment will allow for increased production capacity, in response to the ever increasing global demand of petrochemicals products, as existing polyolefins plants are currently running at full utilization.” (SCG, “IR News & SET Notice,” 6/2/05)

“Tessenderlo is one of the world's largest producers of SOP, which is mostly used to fertilise arid land and is an important nutrient for Iran's fruit and vegetable agriculture.” (Reuters)

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Under "Worldwide Locations," the Tessenderlo website lists multiple subsidary and partner companies located in the U.S. These include Tessenderlo Kerley Inc., Tessenderlo Kerley Refinery Services, Tessenderlo Kerley Research and Development, Tessenderlo Kerley Services Inc., Jupiter Sulphur, LLC, MPR Services Inc, NovaSource®, PB Leiner USA, and TKI Process Chemical Solutions 

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"Belgian chemical firm Tessenderlo will ship fertiliser to Iran within weeks as the easing of Western financial sanctions has helped Tehran complete its first potash tender purchase in two years…In September, Iran's Agricultural Support Services Company (ASSC) issued a tender to buy 60,000 tonnes of potassium sulphate, its first for two years, according to its website. A Tessenderlo spokeswoman said the chemical producer won the tender and expected to deliver the first of two cargoes by the end of this month. Unifert, a Lebanese fertiliser trading firm with offices in Europe, Iran and across the Arab world, is executing the physical and financial transactions, sources close to the deal said. Though the tender was issued before the November political agreement, sources said that an improvement in ties after Rouhani's election in August had raised optimism. The easing of restrictions on Iran's banking system will facilitate trade and encourage future transactions, they said. ‘It is now easier and more workable on the banking side to seal deals now,’ a European trading source said. The fertiliser was priced at around 548 euros ($746) a tonne, including freight and insurance, market sources said.’ The tender was issued two or three months before the deal, so the demand was there anyway. However, the political environment makes it easier. It was the difficulties the Iranians had making transfers in hard currency that had restricted trade before,’ a source close to the deal said…Tessenderlo is one of the world's largest producers of SOP, which is mostly used to fertilise arid land and is an important nutrient for Iran's fruit and vegetable agriculture." (Reuters, “Belgian firm sells fertiliser to Iran as sanctions ease,” 1/17/14)

Xianglu Group is the parent company of Dragon Aromatics.

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"Dragon Aromatics has bought its first cargo of condensate from sanctions-hit Iran in preparation for the start of trial runs at one of China's biggest independent petrochemicals complexes, trade sources said.The petrochemical producer, owned by Taiwan's Xianglu Group, snapped up the cargo of super light crude at a deep discount, as Iran struggles to find buyers amid tightening Western sanctions.The cargo of one million barrels of South Pars condensate was bought at a discount of about $8 a barrel to dated Brent compared with a $4 discount for a comparable grade low sulphur condensate (LSC) from Qatar, traders said. That implies Dragon is benefitting about $4 million on the cargo it bought from Chinese state-run oil trader Zhuhai Zhenrong, for delivery on Nov. 8...The group is set to win government permission to import condensate, making it the only independent operator with such a permit in China. That allows it to buy the cargoes it wants so long as it uses an agent, or one of the country's handful state-designated traders, to clear them through customs, and pays a commission for the service...Dragon Aromatics is part of the Xianglu Dragon Group which owns synthetic fibre plants in Fujian province." (Reuters, "Dragon Aromatics buys Iran condensate for trial at deep discount-trade" 11/13/12)

Zeppelin's petrochemical sales presence in Iran extends to several representative companies, including Marun Petrochemical, Jam Petrochemical, Arak Petrochemical, Lorestan Petrochemical, and Mahabad Petrochemical. (Italian-Iranian Chamber of Commerce Profile)

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Zeppelin Plast Tech operates in the United States as Zeppelin USA. (Company Website)