News | September 25, 2019

Grace Licenses UNIPOL® PP Process Technology To Bharat Petroleum Corporation Limited

Columbia, MD (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 Bharat Petroleum Corporation Limited (BPCL).

Located in Rasayani near Mumbai in Maharashtra, India, the proposed world-scale capacity UNIPOL® PP facility will produce 450 KTA of propylene. BPCL intends to manufacture phthalate-free polymer products for the Indian market using the most advanced PP process and catalysts technology available.

Grace's all gas-phase UNIPOL® PP Process Technology provides the broadest range of PP homopolymers, random copolymers, and impact copolymers in the industry. This process technology has no moving parts inside of the reactor and requires less equipment than any alternative. It is a reliable, safe, and stable operation that leads to lower capital, operating, and maintenance costs.

Shri R. Ramachandran, BPCL’s Director (Refineries) said, “Investing in the UNIPOL® PP process technology gives us the ability to make a broad range of phthalate-free products for our customers. As the demand for these advanced PP products increases in the region, BPCL wants to ensure that it is using the most up-to-date, reliable, and cost-effective technology to meet our customers’ needs.”

Laura Schwinn, President of Grace’s Specialty Catalysts business, said, “Grace is excited to partner with BPCL. We are confident that the wide range of polymer products, combined with our non-phthalate CONSISTA® catalysts, will enable BPCL to give their customers the edge they seek in their markets.”

Visit Grace’s website for more information about Grace polyolefin catalysts and process technology.

About Grace’s UNIPOL® PP Process 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 is an industry leader in offering UNIPOL® PP Process Technology, 6th Generation non-phthalate CONSISTA® catalysts and donors, and UNIPOL UNIPPAC® Process Control software.

About Grace
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 customers around the world. With approximately 3,900 employees, Grace operates and/or sells to customers in over 70 countries. More information about Grace is available at grace.com.

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 protections 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 differ materially from those contained in the forward-looking statements include, without limitation: risks related to foreign operations, especially in emerging regions; the costs and availability of raw materials, energy and transportation; the effectiveness of its research and development and growth investments; acquisitions and divestitures of assets and businesses; developments affecting Grace’s outstanding indebtedness; developments affecting Grace's pension obligations; its legal and environmental proceedings; environmental compliance costs; the inability to establish or maintain certain business relationships; the inability to hire or retain key personnel; natural disasters such as storms and floods, and force majeure events; changes in tax laws and regulations; international trade disputes, tariffs, and sanctions; the potential effects of cyberattacks; and those additional factors set forth in Grace's most recent Annual Report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the internet at www.sec.gov. Reported results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Grace's projections and forward-looking statements, which speak only as of the dates those projections and statements are made. Grace undertakes no obligation to release publicly any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.

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SOURCE: W. R. Grace & Co.