The deal was
signed between PRTC and Sabalan Petrochemical Company in a ceremony attended by
the firms’ managing directors, Ali Pajouhan and Mohammad Zali respectively, CEO
of National Petrochemical Company Behzad Mohammadi and Saeed Mohammadzadeh, the
deputy petroleum minister for engineering, research and technology.
Processing
natural gas into petrochemicals has become highly important, given that Iran
sits atop huge natural gas reserves and in view of the difficulty involved in
exporting natural gas on one hand, and the need to create value added on the
other.
As a highly
value-added item, Methanol is used as a raw material in many downstream and
upstream industries.
Iran’s
methanol production capacity stands at over five million tons per year. The
figure is expected to reach 15.6 million tons per annum by 2021.
PRTC has a
decades’ long history of research activities on production of methanol
catalysts and is now about to start cooperation with Sabalan Petrochemical Plant
in order to supply catalysts in an industrial scale.
The 24th
Iran International Oil, Gas, Refining and Petrochemical Exhibition (Tehran Oil
Show 2019) began on Wednesday (May 1) and ended on Saturday, May 4.