SPL views this relationship as a strategic fit with the EPS business, which SPL has entered through the acquisition of SPL Polymers Limited (formerly known as SHIN HO Petrochemicals (India) Limited).
With this agreement, SPL will be able to offer a wide range of EPS and specialty EPS grades to the Indian market.
The new ARCEL resin distribution agreement with Supreme Petrochem supports NOVA Chemicals' strategic growth plans in its Performance Styrenics business.
ARCEL resin runs on standard EPS molding equipment, processes more easily than competitive materials, and is recyclable in the polystyrene recycling stream. ARCEL resin is processed by customers worldwide.
NOVA Chemicals (International) S.A.