W. R. Grace & Co. has signed a multi-year agreement to supply polypropylene catalysts to Borealis AG. Financial terms have not been disclosed. The catalysts are used in the production of polypropylene.
"Borealis is an established industry innovator and we are extremely pleased to continue to expand our relationship," commented Greg Poling, Vice President of W. R. Grace & Co. and President of Grace Davison. "We look forward to developing new and next generation catalyst technologies and greater manufacturing capabilities with them." 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.