Grace Licenses UNIPOL® PP Process Technology to Grupa Azoty in Poland
January 22 2018 - 9:00AM
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 PDH Polska S. A. for a new facility in Police,
Poland. With a capacity of 400 kilotons per year, the PP line is
expected to begin operations in 2022.
The PDH Polska operation is a subsidiary of Grupa Azoty S. A. of
Tarnów, Poland, a leader in the manufacture of nitrogen fertilizers
and compounds, engineering plastics, organic and inorganic
chemicals, and other chemical products.
Grace's gas-phase UNIPOL® PP Process Technology provides the
most advanced and broadest range of PP homopolymers and 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.
Andrzej Niewinski, President of the Board, PDH Polska S. A.,
said, “As we expand our capabilities into PP production, we do so
with a technology that has demonstrated success in making both
leading commodity and superior specialty grades. This is in line
with our track record of meeting the expectations of our
customers.”
Al Beninati, President of Grace’s Specialty Catalysts business
segment, said, “Grace is proud to partner with Grupa Azoty and
continue our record of service to customers in Europe. The broad
product capability and unparalleled flexibility of the UNIPOL® PP
process will enable them to deliver the resins that are in highest
demand from 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.
Forward-Looking Statements
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; benefits from new technology and
cost reduction initiatives; 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 cost 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
funded and unfunded pension obligations; its legal and
environmental proceedings; environmental compliance costs;
uncertainties related to Grace’s ability to realize the anticipated
benefits of the separation transaction; the inability to establish
or maintain certain business relationships and to retain key
personnel; natural disasters such as storms and floods; changes in
tax laws and regulations; and those additional factors set forth in
Grace's most recent Annual Report on Form 10-K, quarterly report 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 indications 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 RelationsRich
BadmingtonT +1
410.531.4370rich.badmington@grace.com
Investor RelationsTania
AlmondT +1 410.531.4590tania.almond@grace.com
WR Grace (NYSE:GRA)
Historical Stock Chart
From Mar 2024 to Apr 2024
WR Grace (NYSE:GRA)
Historical Stock Chart
From Apr 2023 to Apr 2024