Grace Licenses UNIPOL® PP Process Technology to Hanwha Total Petrochemical in South Korea
W.R. Grace & Co. (GRA)
Last w.r. grace & co. earnings: 4/30 06:00 am
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Source: GlobeNewswire
COLUMBIA, Md., Jan. 08, 2019 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA), the leading supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL® PP Process Technology to Hanwha Total Petrochemical Co., Ltd. for a new PP production facility in Daesan, South Korea. With a capacity of 400 kilotons per year, the PP line is expected to begin operations in 2021. Hanwha Total Petrochemical is a 50/50 joint venture between Hanwha General Chemicals Co., Ltd. and Total S.A., the French integrated oil and gas company considered one of the world’s seven supermajor oil companies. Hanwha is South Korea’s leading producer of purified terephthalic acid (PTA), a primary component in many types of polyester. The joint venture’s Daesan petrochemical complex consists of 13 separate plants, producing polymers, base chemicals, and oil products. Grace's gas-phase UNIPOL® PP Process Technology provides the most advanced and broadest
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