Grace Licenses UNIPOL® PP Process Technology to Hyundai Chemical Co., Ltd.
Source: Nasdaq GlobeNewswire / 18 Jun 2019 11:00:26 Europe/London
COLUMBIA, Md., June 18, 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 Hyundai Chemical Co., Ltd., a joint venture between Hyundai Oilbank Co., Ltd. and Lotte Chemical Corporation.
Located in Daesan, South Korea, the new, 250KTA facility will be part of a larger cracker complex that is slated to open in 2021. The UNIPOL® PP unit will be used to produce high-end, specialty grade, random copolymer resins.
Grace's all gas-phase UNIPOL® PP Process Technology provides the most advanced and 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 which leads to lower capital, operating, and maintenance costs.
Laura Schwinn, President of Grace’s Specialty Catalysts business, said, “Grace is excited to be the technology choice for Hyundai Chemical Co., Ltd.’s plant in Daesan, South Korea. The UNIPOL® PP Process Technology will provide their customers with some of the best random copolymer resins in the industry. We are confident that our technology coupled with our non-phthalate CONSISTA® catalysts will give Hyundai Chemical Co., the ability to deliver the resins that are in highest demand from their customers.”
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.
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