PRTC Inks Methanol Catalyst Production Deal with Iranian Firm

(Sunday, May 5, 2019) 12:47

TEHRAN (NIPNA) – The Petrochemical Research and Technology Company (PRTC) signed a contract for supplying domestically produced catalysts for methanol production on Saturday (May 4).

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.

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لوگو- نیپنا

National Petrochemical Company