Mitsui and Iran’s MHPC to Sign HDPE Plant Contract

Japan’s Mitsui Engineering & Shipbuilding Co., Ltd. and Mitsui Chemicals, Inc. jointly entered into a contract with Iran’s Mehr Petrochemical Company Ltd. on June 15, for construction of a high density polyethylene (HDPE) manufacturing plant, MES and MCI announced today.

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.

http://www.mitsui-chem.co.jp

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