Join us on

Linde

Linde

Industry: 
Engineering
Value of USG Contracts: 
165
Symbol: 
FWB:LIN
States: 
GA
KS
NJ
NY
OH
PA
TN
WA
Country: 
Germany
Contact Information: 
Sources: 

"German chemical company BASF is weighing an investment of $4 billion in Iran, the daily Handelsblatt has reported, citing industry sources. Together with an Iranian company, BASF wants to build new petrochemical plants near Iran’s hub of petrochemical activities and gas industry in Assaluyeh, the paper said. BASF signed a memorandum of understanding with the National Iranian Oil Company about future cooperation in April... However, BASF is not the only group that was negotiating with the Iranians, the paper said. Industry sources said Munich gas manufacturer Linde was interested in investment worth billions of dollars in the Iranian petrochemical industry jointly with the Japanese Mitsui Group. According to Handelsblatt, Linde CEO Wolfgang Büchele has been in 'pre-business talks' with the Iranians for some time." (Press TV, "BASF, Linde mull massive Iran investment," 8/9/2016).

--

"A fresh round of talks between Iran's National Petrochemical Company (NPC) and Linde AG of Germany has begun over investment and participation in Iran’s most strategic petrochemical complex. Six month after the implementation of Joint Comprehensive Plan of Action (JCPOA), no official agreement has been signed with a foreign firm for development, investment attraction of reopening of credit and finance lines in the country’s petchem industries. Despite the inking of a contract with France’s Total for construction of a petrochemical plant in southern Iran, as well as numerous talks with Japan’s Mitsubishi and BASF of Germany to fund ongoing projects in Iran, neither negotiations nor MoUs have led to sealing of new contracts in the country’s petrochemical industry... Accordingly, Linde of Germany has recently launched talks with NPC aiming to ink the first BOO (build, own, operate) contract for construction, completion and implementation of Damavand Petrochemical Complex." (Mehr News Agency, "NPC, Germany's Linde launch petchem negotiations." 7/19/2016).

--

"German Economic Minister Sigmar Gabriel has sent letters to the country’s banks, encouraging them to expand cooperation with Iran, his deputy minister said Tuesday. Uwe Beckmeyer made the remark in Iran-Germany’s joint economic commission’s meeting in Tehran on Tuesday, adding 'I will use this opportunity presented to us due to the lift of sanctions to call on German banks to make the most of developing ties and cooperation with Iranian banks.' He expressed hope that the guarantee offered by Hermes insurance company will encourage German banks to expedite their efforts in reactivating banking relations with Iran. Meanwhile, an economic MoU was signed between Iranian deputy economic minister Mohammad Khazaei and his German counterpart Uwe Beckmeyer here in Tehran on Tuesday. Other MoUs signed between the two countries include one between Iran’s Chamber of Commerce and German Institute of Consulting Services… as well as one agreement between German Linde Group and National Iran Gas Company. Iran-Germany Joint Economic Commission’s meeting was held May 3, for the first time after 15 years. German Deputy Economy Minister Uwe Beckmeyer co-chaired the session in the absence of German Economy Minister Sigmar Gabriel, who canceled his trip due to illness." (Mehr News Agency, “German economy min. calls on banks to expand coop. with Iran,” 5/3/2016)

--

"For decades, Germany was Iran's biggest trading partner in Europe. Last year, German exports to Iran rose to 2.4 billion euros in anticipation that the sanctions might be eased, but German industry associations have said they could quadruple to 10 billion within a few years. German machinery, auto, chemicals, healthcare and renewable energy firms are likely to be the biggest beneficiaries of an opening up of the Iranian market. Wolfgang Buechele, chief executive of German industrial gases group Linde, saw the greatest demand in the oil and gas sector. 'Especially German plant and mechanical engineers could benefit from it,' Buechele told German magazine Der Spiegel, noting that German consumer goods manufacturers could benefit in a later stage." (Reuters, "Germany, Iran Pledge to Revive Economic ties after Long Freeze," 7/20/15)

--

Linde Material Handling, a subsidiary of Linde, works in Iran through its Iranian sales partner, Mehrizan Industrial Development. Troublingly, Linde Material Handling manufactures explosion protected products. (Mehrizan Website, "Linde") 

--

Linde Hydraulics, a subsidiary of Linde, works in Iran through its Iranian sales partner, Rahbord Hydraulic Sepand Co. Ltd. (Linde Hydraulic, "Sales Partners") Linde Hydraulics also works in Iran through another Iranian partner, Mehrizan Industrial Development. On its website, Mehrizan advertises Linde Hydraulics products. (Mehrizan Website, "Homepage")  

--

"Minister of Petroleum Bijan Zangeneh says Iran plans to splash out $180 billion to revive and renovate its oil, gas and petrochemical industries by 2022. Addressing an energy security summit in Berlin, the minister said Iran has always been a reliable energy supplier, adding the country wants to regain its position in the energy market... Zangeneh held important talks with German leaders, including Energy Minister Sigmar Gabriel on Thursday. The minister was reportedly set to hold more talks with energy giants, including Siemens, Linde and Lurgi, about the release of Iranian LNG equipment and parts seized by German companies under the European sanctions regime. According to Zangeneh, Germany was Iran's prime energy partner in the downstream oil industry as well as its petrochemical, refinery, turbines and industry parts sector before sanctions. The three energy companies have a history of two decades of operation in Iran's giant South Pars gas projects. Linde had undertaken to build equipment for gas liquefaction of Iran's LNG plant. According to CEO of National Iranian Gas Company Ali Reza Kameli, the company has completed construction of the equipment but is refusing to deliver it because of sanctions." (Press TVIran plans $180 billion energy investment, 5/7/15)

--

"German group Linde will halt all business operations in Iran due to political developments there, the world's number-two industrial gases producer said on Monday." (Reuters, "Linde says to pull out of Iran," 9/13/2010)

--

"Germany's Linde AG has sold LNG technologies to another Iranian LNG project, which is nearing completion. But a spokesman said Wednesday that "given the current political environment, we do not consider new business opportunities in Iran."" (Wall Street Journal, "Iran curbs LNG-Export Ambitions", 8/12/2010)

--

Germany's trade ties to Iran stretch back to the Middle Ages, and many of the companies currently there have been active in Iran for decades. Some 85 German companies have operations in Iran, from chemical maker BASF AG to Deutsche Lufthansa AG and Bayer AG, and others such as Linde AG and Mercedes-Benz parent Daimler AG are active there, according to the Hamburg-based German-Iranian Chamber of Commerce. More than 7,000 companies conduct business there through local representatives. Germany has become such a big trading partner for Iran because so many of its companies provide the machinery and engineering prowess Iran needs to improve its infrastructure.(The Wall Street Journal, "German Firms Feel Pressure Over Tehran Trade," 10/3/09)

--

"Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN." (Payvand News, "Iranian Exports to Germany rose 50%," 12/8/08)

--

"There is also the question, not mentioned by De Margerie, of where Iran would source LNG technology. Most key components used in projects around the world are manufactured in the US. NIGC says it has been negotiating with European firms, including Linde and Technip, but it is hard to see either working closely with Iran until the political situation improves." (Petroleum Economist, "The struggle to market," 4/07)

--

"GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco." (The London Times, "American pressure threatens UK firms," 5/27/06)

Response: 

No response at this time.

International industrial gases and engineering company that has a branch office in Tehran. In September 2010, Linde announced it would halt business in Iran.