Basell and Amir Kabir Petrochemical Company (AKPC), an affiliate of Iran’s National Petrochemical Company, have signed a licensing agreement for AKPC to use Basell’s Lupotech T process for a new 300 KT per year low density polyethylene plant in Bandar Imam, Iran.

“Over recent years, the Lupotech T process has proven to be a very competitive technology in the international markets for low density polyethylene,” said Just Jansz, president of Basell’s Technology Business. “We attribute the success of this technology to the continuous process improvements and its ability to make a wide range of products.”

“This is the ninth license for a Basell technology that NPC or its affiliates have signed in the past 7 years,” said Jansz. “NPC has successfully embarked on a very ambitious growth path, based on its strong feedstock position and a well educated workforce. Basell is proud to work closely with NPC in providing technologies to support NPC’s further development.”

Amir Kabir Petrochemical Company, an affiliate of National Petrochemical Company of Iran, has operations at the Mahshar Special Petrochemical Economic Zone, Bandar Imam, Iran consisting of olefin, high density polyethylene, polypropylene, linear low density polyethylene, low density polyethylene, butadiene and butadiene-1 units.

In addition to developing and licensing polyolefin processes, Basell is the world's largest producer of polypropylene and advanced polyolefins products and a leading supplier of polyethylene and catalysts. Basell, including its joint ventures, has sales in more than 120 countries.

For additional information contact Basell’s Licensing organisation at licensing@basell.com, or Pauliina Rinne of Basell’s Corporate Communications Department at +32 2 749 1740 or +32 497 444 945 or