Grace Announces Successful Start-Up of Two UNIPOL® PP Lines at Oriental Energy COLUMBIA, Md., Dec. 13, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co., the leading independent supplier of polyolefin catalyst technology, polypropylene (PP) process technology, and technology services, announced the successful start-up of two 400 KTA UNIPOL® PP process technology lines at Oriental Energy in Ningbo, China. This brings the total UNIPOL® PP operating capacity in China to more than 6.3 million tons per annum in the last twelve years making homopolymer, random and impact copolymers to serve the growin...
Oriental Energy Once Again Selects Grace’s UNIPOL® PP Process Technology COLUMBIA, Md., Dec. 07, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co., the leading independent supplier of polyolefin catalyst technology, polypropylene (PP) process technology, and technology services, has licensed its UNIPOL® PP process technology to Oriental Energy for its Maoming, China, plant. This is Oriental Energy’s fifth polypropylene line, and its fourth using Grace’s UNIPOL® PP process technology with a production capacity of 400 KTA. Laura Schwinn, President of Grace’s Specialty Catalysts business said, “...
ART’s ICR 450 Technology Wins Hydrocarbon Processing Award for Best Catalyst Technology ICR 450, 5th Generation ISODEWAXING® catalyst technology provides additional flexibility and profitability for refiners by delivering breakthrough performance from advanced zeolite developmentThe awards are judged by a third-party advisory board consisting of operating companies, EPCs, licensors, consultants, and equipment/service companiesAward confirms ART’s innovation and technology leadership COLUMBIA, Md., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Advanced Refining Technologies LLC (ART), the joint ven...
Grace congratulates UNIPOL® PP Technology Licensee, Braskem, for first year of successful operation COLUMBIA, Md., Nov. 04, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (Grace), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, is pleased to announce that its UNIPOL® PP technology licensee, Braskem, has at its newest, world-class 450 KTA polypropylene production line in La Porte, Texas. Grace provided state-of-the-art PP design technology and innovations to meet Braskem’s need to manufacture a wide breadth of polypropylene produc...
W. R. Grace Holdings LLC and W. R. Grace & Co. Announce Final Results of Exchange Offers and Consent Solicitations NEW YORK, Sept. 20, 2021 (GLOBE NEWSWIRE) -- W. R. Grace Holdings LLC (formerly known as Gibraltar Acquisition Holdings LLC) (“Holdings”) and W. R. Grace & Co. (NYSE: GRA) (“Grace”) today announced the final results of the previously announced offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by W. R. Grace & Co.-Conn. (the “Grace Issuer”) as set forth in the table below (the “Existi...
Grace Shareholders Approve Transaction with Standard Industries Holdings COLUMBIA, Md., Sept. 17, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) (the “Company”) today announced that, at a Special Meeting of Shareholders held today, the Company’s shareholders approved a proposal to adopt the merger agreement (the “Merger Agreement”) between Grace and an affiliate of Standard Industries Holdings Inc., under which Standard Industries Holdings will acquire all of the outstanding shares of Grace common stock for $70.00 per share in cash. Approximately 99.6% of the votes cast at the ...
Grace Licenses UNIPOL® PP Process Technology to GAIL Limited COLUMBIA, Md., Sept. 16, 2021 (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 GAIL (India) Ltd, India’s principal gas transmission and marketing company under the Ministry of Petroleum and Natural Gas. The 500 KTA polypropylene plant, located in Usar, Maharastra, India, will be the first PDH and PP plant in India. It is also the largest single-line UNIPOL® PP process t...
The general evaluation of W R GRACE (US), a company active in the Speciality Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date September 14, 2021, the closing price was USD 69.92 and...
W. R. Grace Holdings LLC and W. R. Grace & Co. Announce Extension of Exchange Offers and Consent Solicitations NEW YORK, Aug. 31, 2021 (GLOBE NEWSWIRE) -- W. R. Grace Holdings LLC (formerly known as Gibraltar Acquisition Holdings LLC) (“Holdings”) and W. R. Grace & Co. (NYSE: GRA) (“Grace”) today announced the extension of the Expiration Date (as defined below) of the previously announced offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by W. R. Grace & Co.-Conn. (the “Grace Issuer”) as set for...
Grace Licenses UNIPOL® PP Process Technology to GAIL (India) Ltd. COLUMBIA, Md., Aug. 18, 2021 (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 GAIL (India) Limited. The UNIPOL® PP process technology will be used for a 60 KTA polypropylene plant located at their existing petrochemical complex in Pata, India. Mr. Shri M. V. Iyer, Director of Business Development, said, “We are excited to partner with Grace and their UNIPOL® P...
W. R. Grace Holdings LLC and W. R. Grace & Co.-Conn. Announce Results of Early Participation in Exchange Offers and Consent Solicitations NEW YORK, Aug. 16, 2021 (GLOBE NEWSWIRE) -- W. R. Grace Holdings LLC (formerly known as Gibraltar Acquisition Holdings LLC) (“Holdings”) and W. R. Grace & Co. (NYSE: GRA) (“Grace”) today announced that, in connection with the previously announced offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by W. R. Grace & Co.-Conn. (the “Grace Issuer”) as set forth in th...
Bapco Awards the Largest Catalyst Management Agreement in its History to ART for its Resid Hydrocracking Catalyst The agreement is for five years, valued at USD 240 million, with an option to extend for an additional five yearsART will provide its Resid Hydrocracking catalyst and full-cycle catalyst management (FCM) solutionsThis award is part of the Bapco Modernization Programme (BMP) to boost processing capacity at the refinery COLUMBIA, Md., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Advanced Refining Technologies LLC (ART), the joint venture of US specialty chemicals and materials company W. ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
W. R. Grace Holdings LLC Commences Exchange Offers W. R. Grace & Co.-Conn. Commences Consent Solicitations NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- W. R. Grace Holdings LLC (formerly known as Gibraltar Acquisition Holdings LLC) (“Holdings”) and W. R. Grace & Co. (NYSE: GRA) (“Grace”) today announced that, in connection with the anticipated combination of Holdings and Grace, Holdings has commenced offers to eligible holders to exchange (each an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by W. R. Grace & Co.-Conn. (the “Grace Issuer”)...
Grace Reports Second Quarter 2021 Results Driven by 22.5% Sales Growth Second Quarter 2021 Highlights Net sales of $512.9 million were up 22.5%, or up 19.8% on constant currency; all segments increased year over year for the second consecutive quarterWeather-related costs from the Gulf Coast freeze of $10.3 million or $0.12 per share recorded in the second quarterDiluted EPS of $0.68, up $0.79 from $(0.11) a year ago; Adjusted EPS of $1.01, up $0.52 from $0.49 a year ago (See Analysis of Operations and Notes for information on Non-GAAP financial measures; all results b...
Grace Announces 2021 FCC Catalysts Pricing Actions COLUMBIA, Md., June 21, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) stated that it will increase prices for its Fluid Catalytic Cracking (FCC) catalysts by 3 to 9 percent in 2021 based on product type and specific customer commitments. This increase will be effective July 1, 2021 or as contracts allow. As the global refining industry recovers from the pandemic and margins for refined products have strengthened, Grace is seeing significant interest from refiners to rapidly return to using premium catalyst technologies to incr...
Grace Positions for Growth with Significant Investment in New East Chicago, Indiana Analytical Lab COLUMBIA, Md., June 15, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co (NYSE:GRA), a global leader in specialty silica, announced the opening of a new, state-of-the-art analytical lab at its U.S. colloidal manufacturing site, East Chicago, IN. The East Chicago location is one of Grace’s global manufacturing sites where the LUDOX® colloidal silica brand is produced. In June 2020, a new LUDOX® colloidal silica plant opened in Worms, Germany to meet increased global demand. This substantial investm...
Grace Completes Acquisition of Fine Chemistry Business COLUMBIA, Md., June 01, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) today announced the completion of its acquisition of the Fine Chemistry Services business (“FCS”) of Albemarle Corporation (NYSE: ALB) for approximately $570 million, including $300 million paid in cash and $270 million funded through the issuance to Albemarle of non-participating preferred equity of a newly created Grace subsidiary. “This investment represents an important step forward in Grace’s growth strategy. FCS brings compelling innovation and manuf...
Grace Expands Global Reach with Major Plant Expansion in Kuantan, Malaysia COLUMBIA, Md., May 20, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA), a global leader in specialty silica, today announced completion of the expansion of its manufacturing plant in Kuantan, Malaysia. Kuantan, the capital and major seaport town of Pahang, Malaysia, has been home to Grace Specialty Chemicals Sdn Bhd since 1996. The expansion is Grace’s fourth extension of the plant since its inception and a direct result of growing worldwide demand for Grace’s specialty silica solutions. Leading, global org...
Engro Corporation Limited Selects Grace’s UNIPOL® PP Process Technology COLUMBIA, Md., May 19, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has announced that Engro Corporation Limited (Engro) has in-principle agreed with W.R. Grace & Co. to use its UNIPOL® PP Process Technology for the Company’s proposed 750KTA PDH-PP plant in Karachi, Pakistan. Currently, Pakistan spends about USD 600 million on annual import of polypropylene. Engro’s PDH-PP complex is the first polyp...
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