BASF sells polyolefin catalysts business Grace

BASF sells polyolefin catalysts business to Grace

10:20 AM, 25th April 2016
BASF sells polyolefin catalysts business to Grace

LUDWIGSHAFEN, GERMANY/ COLUMBIA, US: BASF SE said it has agreed to sell its global polyolefin catalysts business to W R Grace & Co. BASF and Grace intend to complete the transaction in the third quarter.

The targeted transaction includes technologies, patents, trademarks and the transfer of BASF’s production plants in Pasadena, Texas, and Tarragona, Spain. It is intended that approximately 170 employees globally will also transfer to Grace.

The polyolefin catalysts business is part of BASF’s catalysts division. “This sale was the best course of action for both the catalysts division and for the long-term interests of the polyolefin catalysts business and its employees,” said Kenneth Lane, president, catalysts division, BASF.

“With this divestiture, we will continue to sharpen our focus on key growth areas, including our chemical catalysts and refinery catalysts businesses,” said Lane.

Grace is a supplier of polyolefin catalysts technology, as well as polypropylene (PP) process technology and has the broadest portfolio of polyolefin catalyst technologies of any independent catalysts producer, it said in a separate press release.

BASF’s polyolefin catalysts business includes its LYNX high-activity PE catalyst technologies that are utilized commercially in slurry processes for the production of high-density PE resins such as bimodal film and pipe. LYNX PP catalyst technologies are used commercially in all major PP process technologies including slurry, bulk loop, stirred gas, fluid gas, and stirred bulk.

“This is an important addition to Grace’s strong portfolio of polyolefin catalysts technologies,” said Fred Festa, chairman and CEO, Grace. “Grace is uniquely positioned to serve the growing needs of the polyolefins market and benefit from operational synergies. This opportunity is perfectly aligned with our focus on core catalysts and materials technologies.”

© Worldofchemicals News


Read the latest news from BASF:

BASF launches new polyurethane for flooring, cleaning in Europe

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Research improves conductive plastic for health, energy

PULLMAN, US: Biological implants that communicate with the brain to control paralyzed limbs or provide vision to the blind are one step closer to real ...

Read more
Unexpected discovery leads to a better battery

RICHLAND, US: An unexpected discovery has led to a rechargeable battery that’s as inexpensive as conventional car batteries, but has a much high ...

Read more
New method enlists electricity for easier, cheaper, greener chemistry

LA JOLLA, US: Scientists at The Scripps Research Institute (TSRI) have found a new and better way to achieve a chemical reaction that is used widely i ...

Read more
Engineers unveil ultra-efficient method for making high-value chemicals

HOUSTON, US: Sometimes nature needs a helping hand, but the latest breakthrough from Rice University’s department of chemical and biomolecular e ...

Read more
Valtris to acquire polymers & coatings additives maker Akcros

MIAMI, US: Valtris Specialty Chemicals, a portfolio company of H I G Capital said it has acquired Akcros Holdings Ltd, a provider of specialty chemica ...

Read more
Technip to provide downflow reactor for S-Oil’s refinery in South Korea

PARIS, FRANCE: Technip SA has been awarded a contract by Daelim Industrial Company, to provide proprietary equipment for the world’s first comme ...

Read more