Belgian firm eyes Iran petchem exports to Europe

 TEHRAN, Dec. 16 (Shana) – Chief commercial officer with the Belgian company Group Gheys said it is interested in doing business with Iranian partners as Tehran resumes exporting polymer to Europe in the wake of removal of sanctions.

“It seems that a new chapter has opened and a lot of positive trade waves are felt here,” Ruben Swerts told Shana on the sidelines of the Iran Petrochemical Forum (IPF2015) which was here in Tehran on December 13-14.
“We are going to start cooperation with Iranian companies after Iran starts exporting polymer to Europe. I will return to Iran in April 2016 to take part in Iranplast Exhibition,” he said.

Swerts was also upbeat about taking part in IPF conference saying it provided him with the opportunity to establish numerous contacts with Iranian corporate people.
Some 97 foreign companies from 25 countries participated in IPF2015 which shows an increase of 120 percent compared to IPF2014.

More than 15,00 representatives from domestic and foreign firms including Australia, Azerbaijan, Canada, Denmark, France, Germany, Japan, the Netherlands, Russia, and US are took part in the two-day event.
Participants in the IPF2015, one of the world’s most prestigious events representing the petrochemical industry, discussed the core issues that the industry is facing with the emphasis given to Iran.

It provided an ideal platform where stakeholders and key players in the global petrochemical sector met to exchange knowledge and address the latest advancements and best practices which are capable of shaping the future of the industry.
Following the historic nuclear agreement, Iran used the event to unveil its post-sanctions projects and plans for further expanding the Iranian petrochemical output capacity from the current 60 million t/y to over 138 million t/y in 2020 and eventually to 180 million t/y by 2025 with an investment of over $80 billion.

NPC seeks to use Iran’s natural gas reserves as raw material to produce propylene and propylene derivatives to provide feed for the expansion of local downstream industries.