Iran has signed its first petchems technology deal since the lifting of international sanctions, renewing access to the state-of-the art technology crucial to reviving Iran’s petchems expansion.

Danish process technology firm Haldor Topsoe this week announced a preliminary deal to supply licenses, engineering, proprietary equipment, materials and catalyst for a methanol plant to be built by an affiliate of state National Petrochemical Company (NPC) at a new industrial zone near the port of Chabahar, on the Gulf of Oman outside the Strait of Hormuz. (CONTINUED - 777 WORDS)