Idemitsu Kosan, Kumho Petrochemical and Sumitomo sign memorandum of understanding (MOU) for biomaterial supply chain

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Strategic Partnerships

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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