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PQ Group to change name to Ecovyst

July 23/2021

MOSCOW (MRC) -- PQ Group Holdings Inc., a leading integrated and innovative global provider of specialty catalysts and services, has announced that as early as August 2, 2021, the company intends to change its corporate name to Ecovyst Inc. following the targeted closing of the Performance Chemicals business sale, according to BusinessWire.

Ecovyst Inc. will comprise two businesses, Ecoservices and Catalyst Technologies, formerly Refining Services and Catalysts, respectively.

Ecovyst common shares will continue trading on the New York Stock Exchange under the new ticker symbol, ECVT, with a new CUSIP number of 27923Q 109, which is expected to occur on or about August 3, 2021.

As MRC reported earlier, in December 2019, PQ Group Holdings Inc. announced an agreement with INEOS Polyolefin Catalysts to commercialize certain polyethylene (PE) catalysts to customers of selected processes.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 953,400 tonnes in the first five months of 2021, which virtually corresponded to the same figure a year earlier. High denisty polyethylene (HDPE) shipments decreased.

PQ Group Holdings Inc. is a leading integrated and innovative global provider of specialty catalysts, chemicals and services. The company supports customers globally through our strategically located network of manufacturing facilities. The company has three uniquely positioned specialty businesses: Refining Services provides sulfuric acid recycling to the North American refining industry; Catalysts serves the packaging and engineering plastics and the global refining, petrochemical and emissions control industries; and Performance Chemicals supplies diverse product end uses, including personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, North America, PE, crude and gaz condensate, HDPE, coatings, petrochemistry, adhesives, packaging, Ineos, PQ Group Holdings, USA.
Category:General News
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