Iran petchem holding in talks with Japan for technology transfer

SHANA – Iran’s Parsian Oil & Gas Development Group Co. (PODGC) is holding talks with a Japanese company for receiving the technical savvy for production of ethylene glycol from natural gas, PODGC director said.

Mohammad Ebrahim Yousef Zadeh said the item is produced based on ethylene which is a pretty costly raw material for ethylene glycol production.

Therefore, he said, “We are seeking more efficient ways to process the item which can be supplied by the Japanese company.”

He said more advanced technologies allow production of the item from natural gas which is much more cost-effective.

Yousef Zadeh further added that his company is holding talks with a leading chemical company from Japan for purchasing the state-of-the-art technologies for production of the item from natural gas in Iran.

Given the acceptable progress in the talks, the two parties shall reach an agreement before the end of the current calendar year to March 20 2018, he added.