Grace Licenses UNIPOL® PP Process Technology to Hyundai Chemical Co., Ltd.
W.R. Grace & Co. (GRA)
Last w.r. grace & co. earnings: 4/30 06:00 am
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Source: GlobeNewswire
COLUMBIA, Md., June 18, 2019 (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 Hyundai Chemical Co., Ltd., a joint venture between Hyundai Oilbank Co., Ltd. and Lotte Chemical Corporation. Located in Daesan, South Korea, the new, 250KTA facility will be part of a larger cracker complex that is slated to open in 2021. The UNIPOL® PP unit will be used to produce high-end, specialty grade, random copolymer resins. Grace's all gas-phase UNIPOL® PP Process Technology provides the most advanced and broadest range of PP homopolymers, random copolymers, and impact copolymers in the industry. This process technology, without any moving parts inside of the reactor and requiring less equipment than any alternative, is a reliable, safe, and stable operation which leads to lower capital, operating, and maintenance costs. Laura Schwin
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