The National Iranian Petrochemicals Co. (NPC) and France's Air Liquide have signed a licensing agreement for Methanol-to-Propylene (MTP) technology, according to an Iranian news agency.
According to NIPNA, an Iranian energy news agency, the product will be offered to the market under a new brand: Pars MTP.
The technology which will be developed jointly by the Iranian Petrochemical Research and Technology Co and Air Liquide, according to Esmail Ghanbari, head of PRTC.
“The two sides will employ their latest MTP technologies to develop the joint process,” Ghanbari added.
The NPC will own the technology and will supply it to local Iranian manufacturers, he added.
The agreement follows a 2004 deal between Iran and German engineering company Lurgi, which was bought by Air Liquide in 2007.
The deal with Lurgi concerned a MTP production unit, and a demo plant was built in Iran. However, the project was mothballed in 2010, following international sanctions on Iran.
According to Ghanbari, the sides held intensive talks for the past year to reach the agreement, the price of which was not disclosed.