|
MOSCOW (MRC) -- PQ Group Holdings Inc.,
a leading, global provider of specialty catalysts, materials, chemicals and
services, has announced an agreement with INEOS Polyolefin Catalysts to
commercialize certain polyethylene catalysts to customers of selected processes,
according to Ineos' press release.
"This collaboration will expand PQ’s
current catalyst product offering to its customers. In addition, it will enable
PQ to access new customers through an enhanced product offering and associated
technical support.
"We are very excited about the collaboration with
INEOS, one of the global leaders in polyolefin catalyst technology, and believe
there is considerable growth and synergy potential through access to additional
customers, technology and resources,” said Belgacem Chariag, PQ President and
Chief Executive Officer. “Catalysts continues to be a strategic growth platform
for PQ and this agreement represents a key step forward in support of that
strategy."
INEOS Polyolefin Catalyst CEO, Iain Hogan, said, "Our
principal strategy remains to maintain and develop our catalyst offering and
support services within our core area of expertise and customer base. This
collaboration with PQ allows us to broaden our knowledge and breadth of products
with a well-respected partner in their own field. It’s a win-win for both
companies, but particularly for our customers that get access to a more
comprehensive product offering."
PQ’s Catalyst segment currently produces
silica catalysts and supports that are critical in the production of
polyethylene resins used in packaging films, bottles, and containers and other
molded applications, as well as other catalyst products. PQ also produces a
catalyst used in the manufacture of MMA, a scratch-resistant plastic used to
replace glass and as a durable surface coating. These catalysts also reduce the
energy needed for the manufacture of plastics with less waste.
As MRC reported earlier,
in October 2019, INEOS Olefins & Polymers Europe announced a range of
bio-attributed olefins and polyolefins, based on renewable bio based raw
materials that do not compete with food production. Products will be supplied
from the Ineos Koln site, Germany, later this year.
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 1,589,580 tonnes in the first nine
months of 2019, up by 7% year on year. Shipments of all PE grades
increased. The estimated PP consumption in the Russian market was 976,790 tonnes
in January-September 2019, up by 4% year on year. Shipments of PP block
copolymer and homopolymer PP increased.
Ineos is a global
manufacturer of petrochemicals, speciality chemicals and oil products. It
comprises 34 businesses each with a major chemical company heritage. Its network
spans 183 sites in 26 countries throughout the world. |
