COLUMBIA, Md., Sept. 28, 2022 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (Grace), the leading independent supplier of polyolefin catalyst and polypropylene (PP) technology, has licensed its UNIPOL® PP technology to Red Sea National Petrochemicals Co. (Red Sea Co.). As a leading force driving further development of the petrochemicals industry in Egypt, Red Sea Co. is establishing a state-of-the-art, integrated refinery and petrochemicals complex to produce polyolefins, as well as PET polyester. The UNIPOL® PP technology plant will have the industry’s largest single PP reactor line with the greatest KTA capacity to produce homopolymers and random copolymers.
Laura Schwinn, President of Grace’s Specialty Catalysts business said, “This integrated complex will be the first of its kind in Africa and will significantly strengthen Red Sea Co.’s position in the region. We are excited to participate and deliver world scale polypropylene technology to Red Sea Co. and to partner with them to help satisfy their local and export market needs through leading process, catalyst, and product expertise.”
Eng. Mohamed Abady, Chairman and Chief Executive Officer added, “Our decision to choose Grace was based on the advanced technology they use to drive operational efficiencies and the PPartner Program™ services they offer to support us for the life of the plant.”
About Grace’s UNIPOL® PP Technology
UNIPOL® PP technology provides licensees with a competitive advantage, allowing them to successfully participate in today’s highly competitive global polypropylene market. The UNIPOL® PP technology family, with over 100 reactor lines licensed worldwide, manufacture the broadest range of PP homopolymers, random copolymers and impact copolymers in the industry with a choice of close to 300 standard grades.
Product and economic performance is derived from the unique combination of Grace’s proprietary UNIPOL® PP process technology, CONSISTA® catalyst and donor systems, UNIPOL UNIPPAC® Process Control System, and on-going global technical service & support. All UNIPOL® PP technology licensees can take advantage of Grace’s strong, long-term commitment to ensure their success through continuous catalyst, donor, and product innovations, for the lifetime of the plant.
The UNIPOL® PP process technology is an all gas-phase, state-of-the-art engineering design that provides mechanical and operational simplicity and delivers lower total installed cost, lower operating expense, accelerated project schedules, rapid startups and efficient product transitions.
The process technology, coupled with Grace’s proprietary 6th Generation non-phthalate CONSISTA® catalyst and donor systems, comprehensive technical services, and the UNIPOL UNIPPAC® Process Control System provide our customers with an unparalleled advantage that enables them to achieve optimum PLANT LIFETIME PERFORMANCETM 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.
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 4,600 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.