RE: Nouryon extension a prerequisite for bipartite agreements13 Jan 2026 13:46
IR replied to my email: "The main reason for the recent 1-year extension was that the original agreement was signed over 6 years ago, and large companies such as Nouryon have legal procedures to redraft such agreements over 5 years old with their latest T&C's, rather than renew. As it was not possible to get this redraft completed in time, it was decided jointly to sign a limited extension for the year, with the intention that the new agreement will be drafted during 2026 in good time for renewal in November."