Iran inked the first post-sanctions petrochemical contract with a Swiss firm, Swiss Welding Engineers Ltd, for the construction of a finishing unit of a petrochemical company in Assaluyeh, Kuwait News Agency reported.

Managing Director of Sadaf Petrochemical Assaluyeh Company, Ahmad Jazayeri, said that the Swiss company will help his company to build a plant for production of the synthetic polymer Emulsion Styrene Butadiene Rubber (ESBR), a strategic product used in the petrochemical industry and rubber manufacturing, SHANA informed.

Swiss Welding Engineers Ltd will be responsible for drying, wrapping, and packaging process at the final stage of production of the ESBR before presenting it to the market.

The plant is the first in Iran and the region. The products are environmentally-friendly as their hazardous substances will be eliminated through the production process.