Esmaeil Ghanbari said his company seeks innovation and development in the sector by establishing new ties with international companies.

Speaking to Mashal Monthly, Ghanbari said PRTC has recently inked 8 memoranda of understanding (MoUs) and deals with foreign partners including chemical giants like BASF, Axens and IFP for cooperation on various petrochemical and projects.

He said the MOU with Axens and IFP concern licensing new technologies, production of items based on the latest technologies like catalysts, absorbents and additives, cooperation in designing processes, construction of catalysts and jointly developing and marketing  technical savvy in petrochemical industry.