Grace licenses UNIPOL® PP process technology to Sinochem Hongrun Petrochemical Co., Ltd.
COLUMBIA, Md., April 19, 2021 (GLOBE NEWSWIRE) – WR Grace & Co. (: GRA), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its UNIPOL® PP Process Technology and its UNIPOL UNIPPAC® Process control software from Sinochem Hongrun Petrochemical Chemical Co., Ltd. (Sinochem Hongrun). UNIPOL® The PP facility, located in Qingzhou, Weifang, Shandong, China will start up in 2022 and will include a reactor line capable of producing 450KTA of polypropylene.
The price increases the total amount of volume licensed for UNIPOL® PP technology in the world to more than 27 million tons per year.
“Our Grace team is delighted to embark on this project with Sinochem Hongrun and to welcome them to UNIPOL® PP family. We are committed to ensuring their success through the services and solutions we provide for the life of the plant. Said Laura Schwinn, president of Grace’s Specialty Catalysts division. Schwinn added: “The decision of Sinochem Hongrun to purchase our UNIPOL UNIPPAC® Process control software enables them to optimize their plant operations and extract performance improvements on an ongoing basis, giving them competitive advantages in terms of cost, quality and product differentiation. This, together with our process and product improvement program and the vast experience of our global technical service team, will ensure that Sinochem Hongrun will achieve its goal of producing a wide variety of resins for the Chinese market. “
Grace is entirely in the UNIPOL gas phase® PP Process technology provides technology, innovation and service for the lifetime performance of the plant. The versatile process technology offers the widest range of PP homopolymers, random copolymers and impact copolymers in the industry.
UNIPOL® PP process technology is cutting edge engineering technology that provides mechanical and operational simplicity and provides industry leading total installation and operating expenses, accelerated project schedules, quick starts, transitions of grade and trading results. Process technology, combined with the exclusive Grace and UNIPOL UNIPPAC catalyst and donor systems® Process control software, allows maximum performance.
As members of UNIPOL® PP process technology community, licensees benefit from Grace’s long-term commitment to their success through the exchange of best practices, continuous process and product improvements, access to its superior technology catalyst and donor and dedicated technical support.
Sinochem Hongrun chooses UNIPOL® PP Process Technology for their site in Shandong, China. because of the ease of use, product breadth, life economy, and the support Grace provides over the life of the plant. Sinochem Hongrun plans to produce polypropylene resins to meet the growing demand for more complex polypropylene products in China.
About Grace’s UNIPOL® PP process technology
Grace is the leading supplier of polyolefin catalyst technologies and has the broadest portfolio of polyolefin catalyst technologies of any independent producer of polyethylene / polypropylene catalysts. Grace is an industry leader in offering UNIPOL® PP process technology, 6e CONSISTA phthalate-free generation® catalysts and donors, and UNIPOL UNIPPAC® Process control software. UNIPOL® and UNIPOL UNIPPAC® are trademarks of The Dow Chemical Company or an affiliate of Dow. WR Grace & Co.-Conn. and / or its affiliates are authorized to use UNIPOL® and UNIPOL UNIPPAC® brands in the field of polypropylene.
Founded on talent, technology and trust, Grace is one of the world’s leading suppliers of catalysts and engineering materials. The company’s two main business segments – Catalysts Technologies and Materials Technologies – provide innovative products, technologies and services that improve products and processes for our customers around the world. With approximately 3,900 employees, Grace operates and / or sells to customers in more than 70 countries. More information about Grace is available at grace.com.
This announcement contains forward-looking statements, that is, information relating to future events and not past. These statements generally include the words “believes”, “plans”, “intends”, “targets”, “will”, “expects”, “suggests”, “anticipates”, “plans”, “continues” or similar expressions. Forward-looking statements include, without limitation, expected financial statements; results of operations; cash flow; financing plans; business strategy; operating plans; capital and other expenses; competitive positions; growth opportunities for existing products; the benefits of new technologies and cost reduction initiatives, plans and targets; and securities markets. For these statements, Grace claims the safe harbor protections 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 which could cause its actual results to differ materially from its projections or which could cause other forward-looking statements to prove to be inaccurate. Factors that could cause actual results to differ materially from those contained in forward-looking statements include, but are not limited to: risks relating to foreign operations, particularly in emerging regions; the costs and availability of raw materials, energy and transport; the effectiveness of its investments in research and development and in growth; acquisitions and divestments of assets and businesses; developments affecting Grace’s exceptional indebtedness; developments affecting Grace’s pension obligations; its legal and environmental procedures; environmental compliance costs; the inability to establish or maintain certain business relationships; inability to hire or retain key personnel; natural disasters such as storms and floods and force majeure events; changes in tax laws and regulations; international trade disputes, tariffs and penalties; the potential effects of cyber attacks; and the additional factors set out in Grace’s latest 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. The reported results should not be taken as an indication 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 date on which such projections and statements are made. Grace assumes no obligation to publicly publish any revision of 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 +1 410.531.8870
T +1 410 531 8835