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Methanol-to-Propylene MoU Signed With Japanese Firm

Iranian and Japanese officials during the signing ceremony of the propylene project in Tehran, Oct. 8.Iranian and Japanese officials during the signing ceremony of the propylene project in Tehran, Oct. 8.

The National Petrochemical Company of Iran on Saturday signed a memorandum of understanding with a Japanese corporation on production of propylene, a polymer used in a broad range of industries.

Based on the agreement, Sojitz Corporation, a major Japanese industrial and engineering conglomerate, will study plans to establish a methanol-to-propylene plant in Iran, Shana reported.

"Iran has abundant natural gas resources and production of propylene from methanol is one of the top policies of the Oil Ministry," said Marzieh Shahdaei, the chief executive of NPC on the sidelines of the signing ceremony in Tehran.

The Tokyo-based company operates in an array of industries, namely energy, minerals, chemicals, automobiles, agricultural and forestry resources, consumer goods and industrial parks. It is the largest seller of commercial aircraft in Japan.

Polypropylene is a thermoplastic polymer with wide applications, including packaging and labeling, textiles, laboratory equipment and automotive components.

The government has approved a plan for producing propylene from methanol with a capacity of 120,000 tons a year in Mahshahr Petrochemical Special Economic Zone in the south.

According to reports, Iran has also held talks with the French company Air Liquide on building a 500,000-ton methanol propylene unit.

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