Versalis

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"Iran inked the first post-sanctions petrochemical contract with a Swiss firm for construction of finishing unit of a petrochemical company in Assaluyeh. Swiss Welding Engineers Ltd inked a contract with Sadaf Petrochemical Assaluyeh Company to construct finishing area of the project. This is the first contract signed between an Iranian company and its foreign partner in the petrochemical sector in the post-sanctions era. The two companies signed the contracts after very difficult negotiations on Saturday evening. Managing Director of Sadaf Petrochemical Assaluyeh Company Ahmad Jazayeri said the Swiss company will help his company to build a plant for production of the synthetic polymer ESBR, a strategic product used in the petrochemical industry and rubber manufacturing. He said that the ESBR will be produced for both domestic use and export to global market including Europe. The Italy's Versalis and Maire Tecnimont as the major company which is helping to build the plant, confirmed the Swiss Welding Engineers Ltd for design, construction and startup of the finishing area of the project, the official added... The technology license for production has been obtained from Italy's Versalis and Maire Tecnimont whose know-how is regarded among the world's advanced.” (SHAM, “Iran Inks 1st Post-Sanctions Petchem Contract with Switzerland,” 6/12/2016) (http://www.shana.ir/en/newsagency/262787/Iran-Inks-1st-Post-Sanctions-Petchem-Contract-with-Switzerland)

"In line with plans to complete the value-added chain in Sadaf Petrochemical Asalouyeh Company, a styrene-butadiene rubber (SBR) unit is being constructed in the company under the supervision of Versalis S.p.A., a chemical firm affiliated to Italian oil and gas giant Eni, the managing director of SPAC said." (April 11, 2018). (https://financialtribune.com/articles/energy/84425/versalis-building-sbr-unit-in-asalouyeh)