COLUMBIA, Md., Nov. 27, 2017 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA), the leading supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL® PP Process Technology to Oriental Energy (Ningbo) New Material Co., Ltd. for an expansion at its facility in Ningbo, China. The two new 400-kiloton capacity lines are expected to begin operations in 2020 to produce homopolymer and random copolymers.
The Ningbo operation is a subsidiary of Oriental Energy Co. Ltd. of Nanjing City, China, a comprehensive alkane resources operator that develops clean energy and new material for the international market. Oriental Energy previously licensed UNIPOL® PP Process Technology for a 400-kiloton PP line in 2012.
The project represents the 22nd and 23rd UNIPOL® PP Process Technology reactor lines licensed in China. With this license, the total design and operating capacity of UNIPOL® PP lines in China will exceed 7,500 kilotons per year.
Grace's all gas-phase UNIPOL® PP Process Technology provides the most advanced and broadest range of homopolymers, random copolymers, and impact copolymers in the industry. As the simplest of all PP process technologies, with fewer moving parts and less equipment than any alternative, its reliable, stable, and predictable operation leads to lower capital, operating, and maintenance costs.
Wang Mingxiang, Chairman of Oriental Energy, said, “The focus for our new plant is to serve the growing PP market demand in China with the most economical investment and with broad product capability. We are glad to work with Grace to meet our business objectives leveraging our excellent experience using the UNIPOL® PP technology.”
Al Beninati, President of Grace’s Specialty Catalysts business segment, said, “Grace is very pleased that the success of our previous license with Oriental Energy resulted in an additional license at the facility. Combined with our non-phthalate CONSISTA® catalysts, the state-of-the-art technology will enable the Ningbo facility to provide a wide portfolio of advanced products to their customers.”
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 3,700 employees, Grace operates and/or sells to customers in over 60 countries. More information about Grace is available at grace.com.
UNIPOL® and UNIPOL UNIPPAC® are trademarks of The Dow Chemical Company or an affiliated company of Dow. W. R. Grace & Co.-Conn. and/or its affiliates are licensed to use the UNIPOL® and UNIPOL UNIPPAC® trademarks in the area of polypropylene.
| Media Relations Rich Badmington T +1 410.531.4370 rich.badmington@grace.com | Investor Relations Tania Almond T +1 410.531.4590 tania.almond@grace.com |