Hyosung eyes polypropylene base in Iran, eyes MOU with National Petrochemical Company

11-Apr-17

South Korea's Hyosung Corp. is accelerating its foray into Iran, as reported by pulsenews.co.kr. According to chemical industry sources, Hyosung has signed a memorandum of understanding (MoU) with Iran’s state-run National Petrochemical Company in the business of polypropylene (PP). 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.