Dow Chemical (www.dow.com), Midland, MI, and Chevron Phillips Chemical LP have signed a non-binding Memorandum of Understanding relating to the formation of a joint venture involving assets from their polystyrene and styrene monomer businesses in the Americas.
Dow Chemical (www.dow.com), Midland, MI, and Chevron Phillips
Chemical LP have signed a non-binding Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. relating to the formation of a joint venture involving assets from their
polystyrene and styrene sty·rene
n.
A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. monomer monomer (mŏn`əmər): see polymer.
monomer
Molecule of any of a class of mostly organic compounds that can react with other molecules of the same or other compounds to form very large molecules (polymers). businesses in the Americas. The 50-50
joint venture is expected to establish the competitive model for an
integrated producer of polystyrene in the Americas.
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