Idemitsu Kosan, Kumho Petrochemical and Sumitomo sign memorandum of understanding (MOU) for biomaterial supply chain
The companies plan to commence production of biopolymer in 2024
Idemitsu Kosan (Idemitsu), Kumho Petrochemical (Kumho) and Sumitomo Corp. (Sumitomo) have signed a memorandum of understanding (MOU) to establish a long-term collaboration for the development and further growth of the sustainable polymers and chemicals market in Asia, according to a press release May 17.
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