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Markets :: Plastics :: Polystyrene
Nova Licenses EPS Technology to Supreme Petrochem
2:56 PM MDT | April 21, 2009 | Lindsey Bewley
Nova Chemicals says it has agreed to license its expandable polystyrene (EPS) cup bead technology to Supreme Petrochem Ltd (SPL; Mumbai, India). The licensed plant will be located at SPL’s Nagothane, India facilities and will produce 20,000 m.t./year of EPS. The arrangement also includes a supply agreement between the firms, Nova says. “This is an important step in Nova’s strategy to enhance its support to its Asian customer base and ensures regional supply to support their growth with these products,” says Rocky Vermani, managing...
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