COLUMBIA, Md., Aug. 19, 2019 (GLOBE NEWSWIRE) -- 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 PetroChina Guangdong Petrochemical Company Limited. Located in Jieyang, Guangdong province, China, the new facility is slated to be completed in 2023 and will produce 500 KTA of polypropylene. This will be the largest single-line UNIPOL® PP unit in China and will produce homopolymer, random copolymer, and impact copolymer resins.
Grace's all gas-phase UNIPOL® PP Process Technology provides the broadest range of homopolymers, random copolymers, and impact copolymers in the industry. This process technology, without any moving parts inside of the reactor and requiring less equipment than any alternative, is a reliable, safe, and stable operation which leads to lower capital, operating, and maintenance costs.
PetroChina’s decision to choose the UNIPOL® PP technology was based on the ease of operation, the low-cost investment, the mature technology, and Grace’s catalysts portfolio. The UNIPOL® PP process technology also will provide an efficient way to produce a broad range of products and deliver significant value to customers throughout China.
Laura Schwinn, President of Grace’s Specialty Catalysts business, said, “This is the fourth UNIPOL® PP line licensed by the PetroChina Company Ltd. and we are excited to be the technology choice once again for their subsidiary in Guangdong province. The UNIPOL® PP Process Technology coupled with Grace’s 6th generation non-phthalate CONSISTA® catalysts and leading technical support will enable PetroChina Guangdong to meet the complex needs of their customers.”
Visit Grace’s website for more information about Grace polyolefin catalysts and process technology.
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 3,900 employees, Grace operates and/or sells to customers in over 70 countries. More information about Grace is available at grace.com.
# # #
This announcement contains 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, expected financial positions; results of operations; cash flows; financing plans; business strategy; operating plans; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. For these statements, Grace claims the protections of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Like other businesses, Grace is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results to differ materially from those contained in the forward-looking statements include, without limitation: risks related to foreign operations, especially in emerging regions; the costs and availability of raw materials, energy and transportation; the effectiveness of its 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; its legal and environmental proceedings; environmental compliance costs; the inability to establish or maintain certain business relationships; the inability to hire or retain key personnel; natural disasters such as storms and floods, and force majeure events; changes in tax laws and regulations; international trade disputes, tariffs, and sanctions; the potential effects of cyberattacks; and those additional factors set forth in Grace's most recent Annual Report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the internet at www.sec.gov. Reported results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Grace's projections and forward-looking statements, which speak only as of the dates those projections and statements are made. Grace undertakes no obligation to release publicly any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.
Media Relations
Rich Badmington
T +1 410.531.4370
rich.badmington@grace.com
Investor Relations
Jeremy Rohen
+1 410.531.8234
jeremy.rohen@grace.com