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PRTC signs 2 agreements during IPF

PRTC signs 2 agreements during IPF
(Tuesday, May 2, 2023) 23:42

TEHRAN (NIPNA) – Petrochemical Research and Technology Company (PRTC) signed two contracts and memorandums of understanding (MoUs) on the sidelines of the 14th Iran Petrochemical Forum.

The agreements were signed with Maroon and Morvarid petrochemical companies. The signing ceremony was held in the presence of the Minister of Petroleum, and representatives from Nipna were also present.

The first contract signed was for the granting of the right to use technical knowledge (license) and preparation of the process design package for the linear light/heavy polyethylene production unit with an annual capacity of 310,000 tons between PRTC and Maroon Petrochemical Company.

The second agreement signed was a memorandum of cooperation for the use of technical know-how in the production of polyethylene terephthalate with Morvarid Petrochemical Company.

The agreements were signed simultaneously with the 14th IPF.

Experts and technologists from over 15 countries were present to discuss topics such as investment and financing opportunities, optimization of energy, and emission-free production.

The signing of the two agreements is expected to boost the Iranian petrochemical industry and facilitate cooperation between the companies involved.

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