EghtesadOnline: Fresh signs have appeared that show European companies are gradually getting a strong foothold in Iran’s petrochemical industry. Iran says it has signed an agreement with a European company over the development of polypropylene technology and the relevant catalysts.

EghtesadOnline: The Petrochemical Research and Technology Company signed a memorandum of understanding with Norway's Norner institute on transferring modern technology to produce higher grades of polypropylene.

EghtesadOnline: Hyosung Corp., South Korea’s leading chemical company, is accelerating its foray into Iran, a country rich in natural gas and oil reserves and dubbed as the gateway to other markets in the Middle East, Europe and Africa.