W.R. Grace & Co. (Columbia, Md.; www.grace.com) announced that it will provide its Unipol polypropylene (PP) technology and services to Hyosung Corporation of Seoul, Korea for its new facility in Ulsan, which is expected to open in 2017.
Hyosung is a Korean industrial conglomerate operating in various industries, including machinery, IT, construction, and textiles. Its Ulsan facility is expected to produce polypropylene at a rate of 200,000 metric tons per year (m.t./yr). This is the second Unipol PP license for Hyosung.
Al Beninati, President of Grace Catalysts Technologies, said, “We’re pleased that Hyosung has experienced such success with its first license that its leaders have decided to contract with us again for their new plant in Ulsan. Our reliable technology can be implemented with low investment and operating cost, is easy to operate, and produces state-of-the-art PP products. But what truly helped us earn additional business from Hyosung was our commitment to customer service.”
Young-Gyo Choi, Hyosung’s Division President, said, “We are delighted to partner again with Grace, the world’s leading independent PP technology licensor and catalyst producer. Their Unipol PP process technology offers us the most advanced PP product capability available. We are already producing market-leading PP products in our existing Unipol PP technology line, and with this new line, we are planning to produce even more advanced PP products.”