The MoU, signed in the presence of Morteza Shahmirzai, Deputy Minister
of Petroleum and CEO of the National Petrochemical Company (NPC), covers
various areas including the development of technologies required for the power
industry, commercialization, and the expansion of the fuel basket for thermal
power plants.
The agreement includes cooperation on the utilization of petrochemical
products such as methanol and dimethyl ether, the development and deployment of
CO2 absorption processes from power plant flues, and the advancement of POWER
TO X technology to complete the fuel cycle and supply part of the consumable
fuel.
Additionally, the agreement encompasses the advancement of industrial
combustion technologies and the development of electrolysis technology
simultaneously to produce synthesis gas from power plant flues.
This collaboration aims to bolster technological capabilities and
drive innovation in Iran's power sector, contributing to the nation's energy
independence and sustainability goals.
The signing ceremony underscores the commitment of both entities to
harnessing synergies between the petrochemical and power industries, leveraging
expertise and resources to address challenges and capitalize on opportunities
for growth and development.
The collaboration between the PRTC and the Power Research Institute
marks a significant step towards fostering innovation and enhancing the
competitiveness of Iran's power industry on the global stage.