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Nova Licenses EPS Technology

8:38 AM MDT | May 4, 2009

Nova Chemicals says it has agreed to license its expandable polystyrene (EPS) cup bead technology to Supreme Petrochem Ltd. (SPL; Mumbai) for a project at SPL’s Nagothane, India site. The new plant will produce 20,000 m.t./year of EPS. The licensing 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 director/licensing at...

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