Mitsui and Iran's MHPC to Sign HDPE Plant Contract
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) and Mitsui chemicals, Inc. (MCI) jointly entered into a contract with Iran's Mehr Petrochemical Company Ltd.(MHPC) on June 15, for construction of a high density polyethylene (HDPE) manufacturing plant, MES and MCI announced. HDPE is a plastic used for producing packaging materials, pipes and household articles.
The HDPE plant with a design capacity of 300,000 ton/yr, will be constructed in Assaluyeh in southern Iran, under a technology license from MCI for its proprietary HDPE production process. Construction is scheduled to begin in February, 2006, with completion expected in the first quarter of 2008. MHPC is a joint venture of Iran's National Petrochemical Company (NPC), Thailand's Cementhai Chemicals Co., Ltd. (CCC), Thailand's National Petrochemical Public Company (NPCT) and Japan's ITOCHU Corporation. MES and MCI successfully clinched the order this time, based on the high regard for the outstanding technological capability of MCI with a large number of technology licensing achievements around the world ( including NPC, CCC, NPCT) , and MES's numerous achievements in polyolefin plant construction as well as its excellent engineering design, procurement and management capability demonstrated in plant construction projects.
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