COLUMBIA, Md., Sept. 11, 2020 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, congratulates its UNIPOL® PP process technology licensee, Braskem, on the successful launch of commercial production at its newest, world-class polypropylene production line in La Porte, TX.
“We are proud to be Braskem’s technology and catalyst partner on the largest polypropylene production line in the Americas,” said Grace’s Laura Schwinn, President, Specialty Catalysts. “We have and will continue to provide Braskem with onsite support during the startup phase and, as always, we will continue to work together on the broad range of resins they plan to produce.”
In addition to using Grace’s UNIPOL® PP Process Technology and state-of-the-art catalyst systems, Braskem has invested in the UNIPOL UNIPPAC® Process Control Software, providing Braskem with better control and optimization of the plant.
“Using the full breadth of our licensing portfolio—from our process technology to our catalysts to our plant monitoring software—gives Braskem the advantage when it comes to cost, quality, and product differentiation,” David Hartill, Vice President, Licensing and Global Services commented. “It will also provide them with the edge they seek in meeting the demands of the North American polypropylene industry.”
Grace's all gas-phase UNIPOL® PP Process Technology provides the broadest range of PP 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 that leads to lower capital, operating, and maintenance costs.
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.
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 4,000 employees, Grace operates and/or sells to customers in over 60 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, statements regarding: 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; benefits from cost reduction initiatives, plans and objectives; succession planning; 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. Grace is subject to risks and uncertainties that could cause actual results or events to differ materially from its projections or that could cause other 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 costs (including existing and potential laws and regulations pertaining to climate change); 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 our customers’ industries, including the petroleum refining industry; 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; 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. Grace's reported results should not be considered as an indication of its 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 revisions 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.
T +1 410.531.4370