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|Grace Licenses UNIPOL® PP Process Technology To Hengli Petrochemical Refinery Co. in Dalian, China|
Hengli Petrochemical’s PP unit is part of its new refinery complex designed to process 20 million tons of crude oil annually. The facility will produce a total of 450 kilotons per year of homopolymer, random copolymer, and impact copolymer thermoplastic resins in dual reactor lines. The project is one of 22 UNIPOL® PP process technology reactor line licenses in
Grace’s UNIPOL® PP process technology is an all gas-phase technology with the industry’s broadest product capabilities coupled with stable and predictable operation. UNIPOL® PP process technology is the simplest of all PP process technologies, with fewer moving parts and less equipment than any competing alternative. This leads to lower capital, operating, and maintenance costs while maximizing reliability. Although mechanically simple, the technology enables the production of the broadest, most advanced homopolymers, random copolymers, and impact copolymers in the industry.
Hengli Corporation’s Vice Chairman Chen Xinhua said, “Grace’s UNIPOL® PP process and SHAC® catalyst system offers us the most advanced PP product capacity available, and provides the most cost-effective technology to rapidly develop our portfolio of products.”
About Grace’s UNIPOL® PP Technology
Grace is the leading supplier of polyolefin catalyst technology and has the broadest portfolio of polyolefin catalyst technologies of any independent polyethylene/polypropylene catalyst producer. Grace’s industry-leading UNIPOL® PP licensing and related catalysts include the UNIPOL UNIPPAC® Process Control software, SHAC® Catalysts Systems, and 6th Generation non-phthalate CONSISTA® Catalysts Systems.
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 customer partners around the world. With approximately 3,700 employees, Grace operates and/or sells to customers in over 60 countries. More information about Grace is available at grace.com.
UNIPOL® and UNIPOL UNIPPAC® are trademarks of The
This announcement contains forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking statements include, without limitation, expected financial positions; results of operations; cash flows; financing plans; business strategy; operating plans; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. For these statements, Grace claims the protection of the safe harbor 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 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 actual results to materially differ from those contained in the forward-looking statements include, without limitation: risks related to foreign operations, especially in emerging regions; the cost and availability of raw materials and energy; the effectiveness of its research and development and growth investments; acquisitions and divestitures of assets and gains and losses from dispositions; developments affecting Grace’s outstanding indebtedness; developments affecting Grace's funded and unfunded pension obligations; its legal and environmental proceedings; uncertainties related to the company’s ability to realize the anticipated benefits of the separation transaction; the inability to establish or maintain certain business relationships and relationships with customers and suppliers or the inability to retain key personnel during the period following the separation transaction; costs of compliance with environmental regulation; and those additional factors set forth in Grace's most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K, which have been filed with the