MOSCOW (MRC) -- PQ Group Holdings Inc., a leading, global provider of specialty catalysts, materials, chemicals and services, has announced an agreement with INEOS Polyolefin Catalysts to commercialize certain polyethylene catalysts to customers of selected processes, according to Ineos' press release.
"This collaboration will expand PQ’s current catalyst product offering to its customers. In addition, it will enable PQ to access new customers through an enhanced product offering and associated technical support.
"We are very excited about the collaboration with INEOS, one of the global leaders in polyolefin catalyst technology, and believe there is considerable growth and synergy potential through access to additional customers, technology and resources,” said Belgacem Chariag, PQ President and Chief Executive Officer. “Catalysts continues to be a strategic growth platform for PQ and this agreement represents a key step forward in support of that strategy."
INEOS Polyolefin Catalyst CEO, Iain Hogan, said, "Our principal strategy remains to maintain and develop our catalyst offering and support services within our core area of expertise and customer base. This collaboration with PQ allows us to broaden our knowledge and breadth of products with a well-respected partner in their own field. It’s a win-win for both companies, but particularly for our customers that get access to a more comprehensive product offering."
PQ’s Catalyst segment currently produces silica catalysts and supports that are critical in the production of polyethylene resins used in packaging films, bottles, and containers and other molded applications, as well as other catalyst products. PQ also produces a catalyst used in the manufacture of MMA, a scratch-resistant plastic used to replace glass and as a durable surface coating. These catalysts also reduce the energy needed for the manufacture of plastics with less waste.
As MRC reported earlier, in October 2019, INEOS Olefins & Polymers Europe announced a range of bio-attributed olefins and polyolefins, based on renewable bio based raw materials that do not compete with food production. Products will be supplied from the Ineos Koln site, Germany, later this year.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,589,580 tonnes in the first nine months of 2019, up by 7% year on year. Shipments of all PE grades increased. The estimated PP consumption in the Russian market was 976,790 tonnes in January-September 2019, up by 4% year on year. Shipments of PP block copolymer and homopolymer PP increased.
Ineos is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 34 businesses each with a major chemical company heritage. Its network spans 183 sites in 26 countries throughout the world.