According to the reports released on Saturday, the Linde Group has officially inaugurated its office in Tehran in a ceremony held in October 3 with the presence of visiting German Economy Minister Sigmar Gabriel.
Iran-based Kian Petrochemical Company on August signed a front end engineering design (Feed) deal with Germany’s Linde Group for the construction of an olefin, butadiene, hydrodealkylation and benzene unit.
The project will be completed in 12 months at a cost of €34.940 million ($39.17 million) in financial credit.
The Linde Group, registered as Linde AG (FWB: LIN), is a multinational industrial gases and engineering company founded in Germany in 1879. It is the world’s largest industrial gas company by market share as well as revenue. Linde shares are traded on all the German stock exchanges and also in Zürich, and the Linde share price is included in the DAX 30 index. The group is headquartered in Munich, Bavaria, Germany.
The Linde Group has over 600 affiliated companies in more than 100 countries, with customers in the industrial, retail, trade, science, research and public sectors.