He said it will be the first leg of cooperation between Lurgi and Iran.

He added that careful planning has been made in the NPC to complete a careful value  chain.

Earlier, the NPC Chief Marzieh Shahdaie had said the Economic Council had licensed investment and establishment of a unit for production of 120,000 ton of propylene from methanol.

She said the unit's production capacity will rise by 500,000 tons in light of cooperation with German Lurgi. 

She added that the unit's production level will rise up to 120,000 tons this year.

According to the official, the NPC target for increase in the polypropylene production in the PRTC is up to 500,000 tons a year and to that end, talks were underway with foreign companies, including Lurgi. 

Iran's nominal polypropylene production capacity was about 965,000 tons up to the year 1392 (2013-14) and increase in production of the substance is pegged at about four million tons in the Sixth Five-Year Economic Development Plan (2016-21).

The country's propylene production capacity should reach about eight million tons by end of the 7th Five-Year Plan (2021-26).