Iran to produce new grade of polyethylene terephthalate
Tehran, Iran, Oct.4
Iran's petrochemical sector is to produce polyethylene terephthalate grade, Managing Director of Petrochemical Research and Technology Company Ali Pajouhan told Trend in an interview.
"The recently signed contract between our company and Shahid Tondgooyan Petrochemical aims to produce polyethylene terephthalate grades," he said. "The Petrochemical Research and Technology Company has facilities for research work, while Shahid Tondgooyan Petrochemical Company has the plant to produce it," he added.
"The research conducted by the two companies covers a major part of the project, and the results will be used at the industrial plant to produce new grades to transfer oil," he said.
In his words, the company also signed a contract with Tabriz Petrochemical Company to provide its technical science services.
"The value of the contract is confidential, but Tabriz Petrochemical Company should invest $250 million for manufacturing the products and Shahid Tondgooyan Petrochemical Company seeks to produce 40,000 tons. The cost of the production is 5,000 billion rial (about $119 million)," he said.
"The company is currently focusing on production for domestic needs," he said responding to whether the company plans to export its technical knowledge to other countries.
"We have negotiated with foreign companies and had signed contracts, but they were annulled because of the sanctions; therefor, our policy has changed and the focus is on the domestic market," he said.