Iran Petchem Holding in Talks with Japan for Technology Transfer
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.
Parsian Oil and Gas Development Group (public joint stock) was initially registered under the name of Alvand Ghadir Development Company on 30.07.2007 at the Company Registration Department of Iran. Subsequently, the company’s name was changed to Parsian Oil and Gas Development Co. (private joint stock) in February 2011. With the aim of developing its activities, the company was renamed Parsian Oil and Gas Development Group (public joint stock) on 07.12.2011. The company’s request for admission to the Tehran Stock Exchange was processed and approved, and subsequently its shares were registered on the stock market on 15.02.2012.
At present, Parsian Oil and Gas Development Group has a registered capital equivalent of 40,500 billion Rials.
