The imido titanium phthalocyanine complex [PcTi(NDip)] (Dip = 2,6-diisopropylphenyl) 2a was synthesized from [PcTiO] 1 and one eq. of DipNCO. Due to the steric demand of the Dip group, addition of another isocyanate molecule to the Ti = N functionality of 2a does not occur even at high molar ratios of DipNCO. However, 1 reacts with 2 eq. of arylisocyanates containing sterically less demanding aryl groups producing N,N'-diarylureatotitanium(iv)phthalocyanines [PcTi{κ(2)-(NR)C(O)(N'R)}] (R = p-tolyl (Tol) 3a or mesityl (Mes) 3b). The N,N' coordination (III) of the ureato ligand in 3a and 3b was proven by a single set of resonances for the aryl groups in their (1)H-NMR spectra. An N,O coordination (IV) can therefore be excluded. This is also confirmed by the X-ray crystal structure of 3a. Upon heating [PcTiO] and an excess of aryl isocyanates for 6 days, a steady evolution of CO(2) was observed and a white precipitate, identified as the corresponding diarylcarbodiimides (V), could be isolated. Therefore this reaction was applied in the metathetic conversion of two isocyanate molecules into diarylcarbodiimides (V) and CO(2). Additionally, imido titanium Pc's 2b (R = tBu) and 2c (R = Mes) were prepared by a more general synthetic strategy, reacting the potassium salt of the ligand PcK(2) with appropriate imido titanium precursors.