Japan's Sojitz signed a memorandum of understating (MoU) with Iran's National Petrochemical Company (NPC) here on Saturday to carry out studies over construction of a methanol-to-propylene plant in Iran, Petro-Energy Information Network of Iran (SHANA) reported.
Managing Director of the NPC, Marziyeh Shahdaei, also deputy oil minister in petrochemical affairs, said that the project is of crucial importance for Iran given the vast gas reserves it is sitting atop.
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