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Innova said the product, R 770E, was a high performance product aimed at the transparent packaging market and at applications that use blends of high impact polystyrene (HIPS) and general purpose polystyrene (GPPS).
Innova said the product had greater rigidity and resistance than conventional HIPS products in the market.
Innova is based in southern Brazil and produces ethylbenzene, styrene monomer and polystyrene. It is 100%-owned by Petrobras, although press reports have said that it is for sale.