Guangdong Redwall New Materials' (SHE:002809) unit, Huizhou Hongqiang Chemical, signed a polyesther polyol products cooperation agreement with CNOOC (HKG:0883, SHA:600938) and Shell Petrochemicals, according to a Shenzhen bourse filing on Wednesday.
CNOOC and Shell will sell propylene oxide to Hongqiang Chemical for the production of customized products that will be sold back to the oil companies.
The agreement is valid until May 31, 2030, the Chinese producer of concrete admixture and chemical additives said.
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