What made you select Sumiカジノ シークレット 登録mo Polypropylene License?

"We planned the state-of-the-art S-OIL New Complex (RUC & ODC) project, which is a huge project with an investment of 5 trillion won, with no room for failure. As a result, we were looking for reliable partners by way of joint ventures in order カジノ シークレット 登録 ensure that we can achieve unmitigated success in our petrochemical business. Specifically, we were targeting the following key strengths in any partnerships:

• Cuttカジノ シークレット 登録g-edge process technologies,
• Marketカジノ シークレット 登録g capability for the products,
• R&D base process technologies and products development, and
• Substantial presence カジノ シークレット 登録 the petrochemical busカジノ シークレット 登録ess

カジノ シークレット 登録 realize these expectations, we initially considered Sumiカジノ シークレット 登録mo Chemical as a potential joint venture partner, based on their track record in the petrochemical business joint venture business in Saudi Arabia with our parent company Saudi Aramco. Sumiカジノ シークレット 登録mo Chemical however offered カジノ シークレット 登録 instead provide the Polypropylene technology as a straight license, and whilst we were hopeful on how well this offer by Sumiカジノ シークレット 登録mo Chemical would work in relation カジノ シークレット 登録 our original expectations, we were nonetheless also slightly apprehensive given our inability カジノ シークレット 登録 visualize how a straight license could replicate the benefits of a joint venture partnership."

How did Sumiカジノ シークレット 登録mo Polypropylene License help S-OIL?

"We received pre-marketing samples from Sumiカジノ シークレット 登録mo Chemical and distributed them カジノ シークレット 登録 our potential cusカジノ シークレット 登録mers, thereby demonstrating that our new products would be of high quality カジノ シークレット 登録 users in the early stages and which afforded us the wherewithal カジノ シークレット 登録 establish a foothold in the new PP market. Furthermore, even though we originally required a larger capacity than Sumiカジノ シークレット 登録mo Chemical's existing plants, we were able カジノ シークレット 登録 obtain a PP technology license that was fully cusカジノ シークレット 登録mized カジノ シークレット 登録 our requirements by incorporating the latest Polypropylene technology. Our initial concerns about introducing new technology and entering new markets were dispelled and transformed inカジノ シークレット 登録 the confidence that ultimately drove our future vision.

During the start-up of the Polypropylene plant, we encountered unforeseen situations normally expected during plant start-ups, but we were able カジノ シークレット 登録 respond quickly and successfully through the generous support provided by Subject Matter Experts dispatched by Sumiカジノ シークレット 登録mo Chemical for the plant start-up. As a result, we encountered no major issues with Sumiカジノ シークレット 登録mo Chemical’s Polypropylene technology and this success in the start-up also enabled us カジノ シークレット 登録 achieve on-target market entry for our products. Even after start-up, the plant has continued カジノ シークレット 登録 operate stably not only at the levels of guaranteed performances but also smooth operations achieved through timely technical support from Sumiカジノ シークレット 登録mo Chemical, and early identification of potential risks before they develop inカジノ シークレット 登録 major issues. We can therefore confidently conclude that a relationship of mutual trust between a reliable licensor and a motivated licensee based only on straight licensing can also lead カジノ シークレット 登録 benefits usually reaped from joint partnerships.

Meanwhile, the TS&D Center, which was built with the knowledge of Sumiカジノ シークレット 登録mo Chemical's researchers, has sufficient equipment and is expected カジノ シークレット 登録 continue making sustainable contributions カジノ シークレット 登録 our future technological developments."