Tehran, Iran, April 23
By Mehdi Sepahvand – Trend:
An Iranian and a Norwegian company have signed an agreement in principle to cooperate to improve Iran’s polypropylene technology and the technology of related catalysts.
The agreement was signed by officials from Iran’s Petrochemical Research and Technology Company Norway’s Norner, SHANA news agency reported April 23.
The signing of the agreement comes shortly after Hyosung Corp., South Korea’s leading chemical and textile company, signed a memorandum of understanding (MoU) with Iran’s state-run National Petrochemical Company in the business of polypropylene (PP), thermoplastic polymer used in making plastic products and home appliance, products.
The Korean company said it has been in talks with its Iranian counterpart to determine the feasibility of its PP business in the country, but has not made any conclusion yet.