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Comment Business & Economics

Grace and Borealis sign catalyst agreement

By Gerald Ondrey |

W. R. Grace & Co. (Columbia, Md.; www.grace.com) today announced a new multi-year agreement to supply polypropylene (PP) catalysts to Borealis AG (Vienna, Austria; www.borealisgroup.com), a leading provider of chemical and innovative plastics solutions. Financial terms were not disclosed. Grace and Borealis have worked together for many years. In 2002, Grace acquired Borealis catalyst manufacturing assets, including catalyst production facilities in Stenungsund, Sweden and catalyst manufacturing equipment located in Porvoo, Finland. Through that transaction and a related licensing agreement, Grace began to produce, market and sell Borealis’ proprietary catalysts on a global basis.
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