TEHRAN – Iran’s National Petrochemical Company (NPC) signed a deal with French multinational company, Air Liquide S.A., for obtaining methane-to-propane process license.
Signed on Wednesday by Helmut Maschke, Air Liquide Vice President, and Esmaeil Ghanbari, managing director of Petrochemical Research and Technology Company, the deal also involves basic engineering of a 500,000 tons MTP plant.
The deal was signed in a ceremony that was attended by Managing Director of NPC Marziyeh Shahdaei and senior Air Liquide executives.
Air Liquide S.A., or Air Liquide, is a French multinational company which supplies industrial gases and services to various industries including medical, chemical and electronic manufacturers.
Earlier Ghanbari had said that the NPC would start cooperation with foreign companies to transfer new technology to petrochemical sector and the French company would be one of them.
Iran’s petrochemical sector in recent years has grown significantly and petrochemical companies have signed several agreements with major European companies for joint cooperation.
Earlier Director for Investment of National Petrochemical Company (NPC) Hossein Alimorad said that In the near future and in line with further development, petrochemical industry of Iran will attract five billion dollars of foreign investment from three European companies.
He highlighted that Return on Investment (ROI) in the Iranian industry was guaranteed and manifest.