Air Liquide, NPC Finalize Petrochem Agreement

The Petrochemical Research and Technology Company of Iran finalized an agreement with France's Air Liquide Engineering and Construction Company on transferring state-of-the-art technology and granting much-needed licenses to convert methanol to propylene under PARS MTP brand.
According to the National Petrochemical Company's news agency, the deal was signed in Germany on Wednesday in the presence of Esmaeil Qanbari, the head of PRTC, Hossein Alimorad, NPC's deputy for investment as well as Air Liquide's top officials. 
"PRTC has launched a pilot polypropylene production unit with a limited output of 120,000 tons per annum," Qanbari said, noting that plans are in place to raise the production of the complex to 500,000 tons per year in cooperation with energy majors, namely Air Liquide.
Air Liquide is an engineering, construction and chemical process licensing company. Since 2007, it has been part of Air Liquide S.A., a multinational company that supplies industrial gases and services to industries. PRTC is the research and development arm of NPC.