PRTC, Air Liquide to Share MTP Technology Ownership

PRTC, Air Liquide to Share MTP Technology Ownership
(Tuesday, August 15, 2017) 15:16

TEHRAN (NIPNA) – Iran's Petrochemical Research and Technology Company (PTRC) will share ownership of methanol-to-propylene technology with French multinational company Air Liquide, a senior petrochemical official said.

Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei says PTRC will share with Air Liquide ownership of the technical knowhow needed for production of propylene from methanol.

Speaking 5 days after signature of a deal between PTRC and Air Liquide in Germany, Shahdaei said the Iranian company will share ownership of with the French petrochemical giant.

On August 9, PTRC signed a deal with Air Liquide in Germany on development of MTP technologies and acquisition of the required licenses.

In previous such deals, Iran had no share in ownership of petrochemical licenses but in this deal the country will share ownership of the license with Air Liquide, she said.

"The deal was the first one of its kind for Iran has struck with a foreign company," Shahdaei added.

It concerns developing joint licenses for MTP process and basic engineering of construction of a 500,000-ton MTP plant in Iran.

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