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The Linde Group

Germany

 

 

In September 2010, a Linde Group spokesperson told The Wall Street Journal that the company decided "to stop our activities in Iran and with Iran completely" (The Wall Street Journal, September 10, 2010).

Date: 2003

Deal: According to ICIS, Linde and Iran’s EIED were contracted to engineer an ethane/propane-based cracker that was to be completed in 2003. The cracker is part of Bandar Imam’s Maroon petrochemical project (ICIS, May 22, 2000). A cracker uses heat to break down heavy hydrocarbon molecules into lighter products. The current status of this project is unknown.

Date: July 2005 – April 2006

Deal: In July 2005, Linde's website announced that the firm would lead a consortium of companies to build two large ethylene plants on the Persian Gulf for Iranian firm Bakhtar Petrochemical. The deal was reportedly worth one billion euros. "This project is the largest of its kind in the region," said Dr. Aldo Belloni, member of the Linde AG Executive Board. "It has enabled Linde to strengthen its market position within the area of olefin facilities in this key region" (Linde Website, July 8, 2005). According to a German report, the deal was cancelled by Iran in April 2006 (Handelsblatt (Germany), April 24, 2006).

Date: March 2008

Deal: In March 2008, according to an industry publication, Iran LNG licensed Linde's technology, including total heat exchangers (Upstream Online, March 11, 2008). The following month, according to German website stopthebomb.net, Linde participated in Iran's Oil & Gas Show in Tehran in April 2009 (Stop the Bomb).

According a report by the Hudson Institute, when the company held its annual meeting in May 2009, "Belloni confirmed that Linde is involved in Iran's national gas liquefaction project (LNG) with the state owned National Iranian Oil Company" (Hudson New York, May 20, 2009).