Mitsui and Sinopec to cooperate on phenols and EPT project

Mitsui Chemicals Inc. (MCI) and Sinopec have inked a fundamental agreement to conduct collaboration feasibility for phenols and EPT. The investment for the two operations is expected to total to 60 billion yen. An MOU was signed to strengthen collaboration in phenols and petrochemical derivatives by undertaking feasibility studies. The memorandum also provided for studies in forming operations of performance materials, such as EPT (ethylene, propylene, ethylene-propylene-diene terpolymer).
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