W. R. Grace & Co. (NYSE:GRA), the leading independent supplier
of polyolefin catalyst technology and polypropylene (PP) process
technology, has licensed its UNIPOL® PP Process Technology to
GAIL (India) Limited.
The UNIPOL® PP process technology will be used for a 60 KTA
polypropylene plant located at their existing petrochemical complex
in Pata, India.
Mr. Shri M. V. Iyer, Director of Business Development, said, “We
are excited to partner with Grace and their UNIPOL® PP Process
Technology at our existing gas cracker complex in Pata, India. The
total project economics, which included a catalyst supply
agreement, made this an easy choice for us. We plan to produce a
variety of homo-, random, and impact- copolymer resins using our
existing propylene supply.”
Grace's all gas-phase UNIPOL® PP Process delivers
technology, innovation, and services for plant lifetime
performance. The versatile process technology provides the broadest
range of PP homopolymers, random copolymers, and impact copolymers
in the industry.
The UNIPOL® PP process is a state-of-the-art engineering
technology that achieves mechanical and operational simplicity and
delivers leading total installed cost and operating expense,
accelerated project schedules, fast startups, grade transitions,
and business results. The process technology, coupled with Grace’s
proprietary catalyst and donor systems and the UNIPOL UNIPPAC®
Process Control System, allows for maximum performance.
“We are thrilled that GAIL has chosen our UNIPOL® PP Process
Technology,” Laura Schwinn, President of Grace’s Specialty
Catalysts business, said. Schwinn added, “Our UNIPOL® PP Process
Technology, our catalysts, and our global technical services team
will provide GAIL with the ability to produce leading products and
help them meet the growing demands for non-phthalate resins in the
market.”
All UNIPOL® PP licensees can take advantage of Grace’s strong
long-term commitment to ensure their success through support which
includes continuous process and product improvements, access to
superior catalysts and donor technology, and on-going global
technical support for the lifetime of the plant.
Visit Grace’s website for more information
about Grace polyolefin catalysts and process
technology.
About Grace’s UNIPOL® PP Process
Technology
Grace is the leading supplier of polyolefin catalyst technology
and has the broadest portfolio of polyolefin catalyst technologies
of any independent polyethylene/polypropylene catalyst producer.
Grace is an industry leader in offering UNIPOL® PP Process
Technology, 6th Generation non-phthalate
CONSISTA® catalysts and donors, and UNIPOL
UNIPPAC® Process Control software.
About Grace
Built on talent, technology, and trust, Grace is a leading
global supplier of catalysts and engineered materials. The
company’s two industry-leading business segments—Catalysts
Technologies and Materials Technologies—provide innovative
products, technologies, and services that enhance the products and
processes of our customers around the world. With approximately
4,300 employees, Grace operates and/or sells to customers in over
60 countries. More information about Grace is available at
grace.com.
Forward-Looking Statements
Certain statements contained in this communication may contain
forward-looking statements, that is, information related to future,
not past, events. Such statements generally include the words
“believes,” “plans,” “intends,” “targets,” “will,” “expects,”
“suggests,” “anticipates,” “outlook,” “continues,” or similar
expressions. Forward-looking statements include, without
limitation, statements regarding: financial positions; results of
operations; cash flows; financing plans; business strategy;
operating plans; capital and other expenditures; impact of COVID-19
on Grace's business; competitive positions; growth opportunities
for existing products; benefits from new technology; benefits from
cost reduction initiatives; succession planning; markets for
securities; the anticipated timing of closing of the Merger
pursuant to the Merger Agreement with affiliates of Standard
Industries, and the potential benefits of the Merger. For these
statements, Grace claims the protections of the safe harbor for
forward-looking statements contained in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Grace is subject to
risks and uncertainties that could cause actual results or events
to differ materially from its projections or that could cause
forward-looking statements to prove incorrect. Factors that could
cause actual results or events to differ materially from those
contained in the forward-looking statements include, without
limitation: risks related to foreign operations, especially in
areas of active conflicts and in emerging regions; the costs and
availability of raw materials, energy, and transportation; the
effectiveness of Grace’s research and development and growth
investments; acquisitions and divestitures of assets and
businesses; developments affecting Grace’s outstanding
indebtedness; developments affecting Grace’s pension obligations;
legacy matters (including product, environmental, and other legacy
liabilities) relating to past activities of Grace; its legal and
environmental proceedings; environmental compliance matters
(including existing and potential laws and regulations pertaining
to climate change, or our products and services); the inability to
establish or maintain certain business relationships; the inability
to hire or retain key personnel; natural disasters such as storms
and floods; fires and force majeure events; the economics of its
customers’ industries, including the petroleum refining,
petrochemicals, and plastics industries, and shifting consumer
preferences; public health and safety concerns, including pandemics
and quarantines; changes in tax laws and regulations; international
trade disputes, tariffs, and sanctions; the potential effects of
cyberattacks; the occurrence of any event, change or other
circumstance that could give rise to the termination of the Merger
Agreement; the failure to obtain Grace stockholder approval of the
Merger or the failure to satisfy any of the other conditions to the
completion thereof; risks relating to the financing required to
complete the Merger; the effect of the announcement of the Merger
Agreement on the ability of Grace to retain and hire key personnel
and maintain relationships with its customers, vendors and others
with whom it does business, or on its operating results and
businesses generally; risks associated with the disruption of
management’s attention from ongoing business operations due to the
Merger Agreement; the ability to meet expectations regarding the
timing and completion of the Merger; significant costs, fees,
expenses and charges related to the Merger; the risks from
litigation and/or regulatory actions related to the Merger; other
business effects, including the effects of industry, market,
economic, political, regulatory or world health conditions
(including new or ongoing effects of the COVID-19 pandemic), and
other factors detailed in Grace’s Annual Report on Form 10-K filed
with the SEC for the fiscal year ended December 31, 2020, and
Grace’s other filings with the SEC, which are available
at http://www.sec.gov and on Grace’s website
at www.grace.com. Grace's reported results should not be
considered as an indication of its future performance. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Grace
undertakes no obligation to release publicly any revisions to its
forward-looking statements, or to update them to reflect events or
circumstances occurring after the dates those statements are
made.
Media RelationsCaitlin
LeopoldT +1
410.531.8870caitlin.leopold@grace.com
Investor Relations Jason
Hershiser T +1 410 531 8835
Jason.hershiser@grace.com
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