COLUMBIA, Md., Sept. 21, 2022 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (Grace) the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) technology, has received a commitment from PT Kilang Pertamina International (PT KPI) to use Grace’s UNIPOL® PP technology, which is part of its larger initiative, the Trans-Pacific Petrochemical Indotama (TPPI) Olefin Complex Development Project in Indonesia. This project will empower PT KPI to increase refinery and polyolefin capacity by addressing the gap between strong demand growth of petrochemicals and the shortage in domestic production capacity.
The 600 KTA polypropylene plant will be designed to produce homopolymers, random and impact copolymers to cover domestic and international market needs.
Laura Schwinn, President of Grace’s Specialty Catalysts business said, “We thank PT KPI for trusting Grace UNIPOL® PP technology to deliver the technology, innovation and services that PT KPI will use to grow and enhance the polymer market in Indonesia and beyond. As a member of the UNIPOL® PP technology global community, through the PPartner Program™, they can gain access to services and knowledge for the lifetime of the plant to enhance efficiency and performance.”
Visit Grace’s website for more information about our plastics and polymer catalysts and the UNIPOL® PP technology.
About Grace’s UNIPOL® PP Technology
Grace's all gas-phase UNIPOL® PP technology delivers innovative solutions for a Plant Lifetime Performance™ commitment to its licensees, allowing them to successfully participate in today’s highly competitive global polypropylene market. The UNIPOL® PP technology community, with over 100 reactor lines licensed worldwide, manufactures the broadest range of PP homopolymers, random and impact copolymers, plus terpolymers in the industry with a choice of close to 300 standard grades.
The UNIPOL® PP technology is a state-of-the-art engineering solution that achieves mechanical and operational simplicity and delivers lower total installed cost and lower operating expense, accelerated project schedules, fast startups, adaptable grade transitions, and business results for our customers. The technology, coupled with Grace’s proprietary catalyst and donor systems and the UNIPOL UNIPPAC® software, allows for maximum performance.
Product and economic performance are derived from the unique combination of Grace’s proprietary UNIPOL® PP technology, CONSISTA® catalyst and donor systems, UNIPOL UNIPPAC® process control software, and global technical service and support. This provides all licensees with an unparalleled advantage that enables them to achieve optimum Plant Lifetime Performance™ and better business results.
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. CONSISTA® , PPARTNER PROGRAM™, and PLANT LIFETIME PERFORMANCE™ are trademarks of W. R. Grace & Co.-Conn.
Built on talent, technology, and trust, Grace, a Standard Industries company, is a global leader in specialty chemicals. The company’s two industry-leading business segments—Catalyst 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.
This press release contains forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words “expects,” “outlook,” “believes,” “plans,” “will,” or similar expressions. Forward-looking statements include, without limitation: expected financial positions; results of operations; cash flows; competitive positions; and markets for securities. 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 such differences include, without limitation: risks related to foreign operations, currency exchange rate changes; public health and safety concerns; natural disasters and force majeure events; changes in laws and regulations; the cost and availability of raw materials and energy; Grace’s legal and environmental proceedings; costs of compliance with environmental laws and regulations (including those pertaining to climate change); cyberattacks; the economics of its customers’ industries; and shifting consumer preferences. Past results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Grace’s forward-looking statements, which speak only as the dates originally made. Grace undertakes no obligation to publicly release any revision to the forward-looking statements contained in this press release or to update them to reflect events or circumstances occurring after the date of their publication herein.
Media Relations Sue Cardillo Grace Corporate T +1 412-953-7851 sue.cardillo@grace.com
On Wednesday, the Fed bumped up interest rates again, its third 75-basis point hike since June, and signaled that there could be two more such hikes by the end of this year. The conventional wisdom has the Fed acting properly, and aggressively, in an attempt to counter inflation raging at 40-year high levels. But conventional wisdom isn’t always right – and we can learn a lot by consulting the contrarians. Few top investors are more contrarian than Cathie Wood. The founder and manager of ARK Inv
KEY WORDS “I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.
Homeowners beware. But don't panic, either.
You have just a few weeks to pounce on Treasury I bonds' sky-high interest rate. Also called Series I savings bonds, their interest rate is 9.62%.
The shipping company has developed a reputation as one of the best dividend stocks around
And what it means for your wealth-building options.
Boeing (NYSE: BA) made a big move to put part of its troubled past behind it, but the aerospace manufacturer also apparently has fallen out of favor with what had been a key customer in China. Boeing has taken its investors on a turbulent ride over the past few years. The company's 737 MAX, which was once billed as having the potential to be the top-selling aircraft of all time, was involved in fatal crashes in 2018 and 2019 that led to the plane being grounded for 18 months and prompted a comprehensive review of Boeing's engineering and safety practices.
It's Friday morning -- two days after the Federal Reserve raised interest rates 0.75%, and one day after seemingly every other central bank in the world followed suit, according to The Wall Street Journal -- and oil stocks are tanking. As of 9:50 a.m. ET, shares of oil company Occidental Petroleum (NYSE: OXY) are down 5.6%, while industry bellwether ExxonMobil (NYSE: XOM) is down a solid 6%, and refiner Phillips 66 (NYSE: PSX) is leading the pack lower with a 6.7% loss.
Evercore ISI Senior Managing Director Julian Emanuel joins Yahoo Finance Live to discuss the bond market and why investors should turn their attention there if they're turned off by market volatility.
Yahoo Finance's Jared Blikre joins the Live show to check out market and sector losses amid today's sell-off, while also looking at meme stocks and the travel industrial.
The hedge fund legend has spoken. Pay attention.
With the Fed making its third 75-basis-point hike this year, Dalio says greater economic contraction is on the horizon.
Forget everything you think you know about the relationship between interest rates and the stock market.
As much as stocks are falling, moves in another financial market have even more profound implications for the global economy.
The market has soured on these stocks, but insiders are buying. Is it time to load up on these companies?
Yahoo Finance reporter Alexandra Semenova breaks down Cathie Wood's decision to hand off her role as portfolio manager on two ETFs.
AT&T Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $T performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
Instead of heading for the sideline, Form 13F filings with the Securities and Exchange Commission (SEC) show that most billionaire money managers were active buyers during the first half of the year. What's particularly interesting is that select billionaires have been piling into some of Wall Street's most beaten-down growth stocks. The following three supercharged growth stocks are down as much as 94%, yet billionaires can't stop buying shares of them.
Word spread quickly yesterday that almost 1.1 million Tesla (NASDAQ: TSLA) vehicles were being recalled. At the morning's lows, Tesla shares were down just shy of 5%. The stock market isn't always efficient, but simple math indicates that the recall isn't the reason Tesla shares have dropped for a second straight day.
Shares of recreational vehicle (RV) company Camping World Holdings (NYSE: CWH) crashed on Friday, after an analyst lowered their price target in a research note. As of 1:10 p.m. ET, Camping World stock was down 10%. Truist analyst Michael Swartz has been busily researching the state of the RV market, which led him to lower his target price for Camping World stock.