W. R. Grace & Co. stated that it will increase prices for its Fluid Catalytic Cracking (FCC) catalysts and additives this year as contracts allow, said the company.
As Grace offers products and services that continue to deliver increasing value, it faces rapidly escalating costs for key raw materials and energy, including aluminum-derived chemicals and natural gas. In addition, freight and logistics costs continue to rise at an extraordinary rate.
Grace remains focused on reducing operational expenses through increased efficiencies; however, those efforts cannot completely offset unprecedented inflationary trends.
We will initiate pricing actions necessary to sustain our on-going investment in new technology, enhanced technical services, and leading manufacturing capabilities to serve our global customers.
As per MRC, W. R. Grace & Co., a leading independent provider of polyolefin catalyst technology, polypropylene (PP) and process services, has awarded Oriental Energy a UNIPOL PP process license for its Maoming plant in China. This is Oriental Energy's fifth polypropylene production line and its fourth, which uses the Grace UNIPOL PP process with a production capacity of 400,000 tonnes per year.
Grace, a Standard Industries company, 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 4,300 employees, Grace operates and/or sells to customers in over 60 countries.
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