S-Oil signs licensing deal

S-Oil CEO Nasser Al-Mahasher, right, shakes hands with Osamu Ishitobi, chairman of Sumitomo Chemical, after signing a technology licensing agreement at the refiner’s headquarters in Seoul, Monday. Under the deal, S-Oil will use Sumitomo’s technologies to produce polypropylene and propylene oxide at the plant it plans to build in Ulsan. / Courtesy of S-Oil