Shana -- Iran's National Petrochemical Company (NPC) has signed a deal with French multinational company, Air Liquide S.A., for obtaining methane-to-propane process license.

Signed on Wednesday by Helmut Maschke, Air Liquide Vice President, and Esmaeil Ghanbari, managing director of Petrochemical Research and Technology Company, the deal also involves basic engineering of a 500,000 tons MTP plant.

The deal was signed in a ceremony that was attended by Managing Director of NPC Marziyeh Shahdaei and senior Air Liquide executives.

Air Liquide S.A., or Air Liquide, is a French multinational company which supplies industrial gases and services to various industries including medical, chemical and electronic manufacturers.