According to the National Petrochemical Company (NPC), the contract concerns granting technical know-how, process design package and basic engineering of heavy polyethylene unit.

Ali Pajouhan, PRTC CEO, said that the company had been studying the technical know-how of producing heavy-duty polyethylene and its catalysts for more than 1.5 decades, adding PRTC facilities were prepared to produce industrial-scale catalysts for the project.

He described the possibility of producing MMP polymeric grades as a feature of this technical savvy, and stated: “Accordingly, this item is being produced for the first time inside the country.”

For his part, Siavash Derafshi, CEO of Tabriz Petrochemical Company, expressed his happiness at producing a fully Iranian polymer product for the first time in the country.

He also hoped that the project would reach fruition in a matter of 4 years.

The plant is to be built with 310,000 tons/year of production capacity.