The document was signed in a ceremony held in the presence of PRTC Managing
Director Esmaeil Ghanbari and PGPIC chief Adel Nejad Salim here in Tehran on Sunday.
The memorandum is entitled "Co-operation in providing technical
and research services in the field of product development, solving procedural,
equipment, and production increase problems, developing and acquiring technical
know-how related to the production of petrochemicals, catalysts and industrial
membranes", and is aimed at completing the technology cycle and meeting
the needs of the petrochemical industry.
Maximum utilization of research capabilities and potentialities of the
deal's signatories, in order to improve the technology level of manufacturing petrochemical
units, the use of new technologies and elimination of production bottlenecks
are also considered in the deal.
"The needs of the petrochemical industry are clear, and
fortunately the PRTC is far ahead of other oil industry research fields, taking
effective steps in this direction, and is now witnessing the flourishing of its
activities and achievements," said PGPIC managing director in an address
during the signing ceremony.
He also voiced his company's readiness to close ranks with PRTC to
materialize petrochemical industry's goals in various fields.
PGPIC is the biggest supplier of petrochemicals in Iran.
According to its website, it is responsible for trading the whole
products of PGPIC’s subsidiaries. This amount values about $10.5 billion,
annually. Normally 39% of production volumes are exported (7.2 MMT) that would
cover 45% of our production value, indicating export of high-value products.
Moreover, PGPIC is the sole producer of some specific products in Iran, making it
the only source of PTA, PET-TG, PET-BG, TDI, MDI and E-PVC in Iran’s
petrochemical industry. Its products are most likely to be marketed in North
East and South East Asia, followed by Indian Subcontinent, Western Europe and
Middle East, respectively.