COLUMBIA, Md., July 27, 2017 (GLOBE NEWSWIRE) -- W. R. Grace & Co. ("Grace") (NYSE:GRA), the world's leading
supplier of polyolefin catalyst technology and polypropylene ("PP") process technology, has contracted to license its
UNIPOL® PP Process Technology to Canada Kuwait Petrochemical Corporation ("CKPC"), a 50/50 joint venture between Pembina
Pipeline Corporation (TSX:PPL) (NYSE:PBA) of Canada and Petrochemical Industries Company K.S.C. of Kuwait. The new installation
will be part of CKPC's proposed integrated propane dehydrogenation/PP facility located in Sturgeon County, Alberta. If built, the
PP line would be the world's largest single train, capable of producing 550,000 metric tons per year of PP, including homopolymer,
random copolymer, and impact copolymer thermoplastic resins.
This is Grace's 16th new UNIPOL® PP technology license since 2012 and its second in Canada. Grace's all gas-phase
UNIPOL® PP Process Technology provides the most advanced and broadest range of homopolymers, random copolymers, and
impact copolymers in the industry. As the simplest of all PP process technologies, with fewer moving parts and less equipment than
any alternative, its reliable, stable, and predictable operation leads to lower capital, operating, and maintenance costs.
CKPC's Chairperson Hosnia Hashim, said, "We selected Grace's UNIPOL® PP Process Technology because of its
demonstrated success worldwide. It offers a broad product capability in large volume, general purpose PP products, as well as
specialty products."
Al Beninati, President of Grace's Specialty Catalysts business segment, said: "Grace is proud to have been selected for this
significant contract with CKPC. Our industry-leading process technology and catalysts technologies combine to provide our customer
unparalleled flexibility to deliver the resins that are in highest demand."
Visit Grace's website for more information about Grace polyolefin catalysts and process technology.
About Grace's UNIPOL® PP Process Technology
Grace is the leading supplier of polyolefin catalyst technology and has the broadest portfolio of polyolefin catalyst
technologies of any independent polyethylene/polypropylene catalyst producer. Grace is an industry leader in offering
UNIPOL® PP Process Technology, 6th Generation non-phthalate CONSISTA® catalysts and donors, and UNIPOL
UNIPPAC® Process Control software.
About Grace
Built on talent, technology, and trust, Grace is a leading global supplier of catalysts and engineered materials. The company’s
two industry-leading business segments—Catalysts Technologies and Materials Technologies—provide innovative products, technologies,
and services that enhance the products and processes of our customer partners around the world. With approximately 3,700 employees,
Grace operates and/or sells to customers in over 60 countries. More information about Grace is available at grace.com.
UNIPOL® and UNIPOL UNIPPAC® are trademarks of The Dow Chemical Company or an affiliated company of
Dow. W. R. Grace & Co.-Conn. and/or its affiliates are licensed to use the UNIPOL® and UNIPOL UNIPPAC®
trademarks in the area of polypropylene.
About CKPC
CKPC is in the front-end engineering design (FEED) phase of developing a world-scale integrated propane dehydrogenation and
polypropylene upgrading facility. The project being developed by CKPC remains subject to a positive final investment decision from
each partner of the joint venture, as well as regulatory and environmental approvals.
This announcement contains forward-looking statements, that is, information related to future, not past, events. Such statements
generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,”
“continues,” or similar expressions. Forward-looking statements include, without limitation, expected financial positions; results
of operations; cash flows; financing plans; business strategy; operating plans; capital and other expenditures; competitive
positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and
objectives; and markets for securities. For these statements, Grace claims the protection of the safe harbor for forward-looking
statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Like other businesses, Grace is
subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could
cause other forward-looking statements to prove incorrect. Factors that could cause actual results to materially differ from those
contained in the forward-looking statements include, without limitation: risks related to foreign operations, especially in
emerging regions; the cost and availability of raw materials and energy; the effectiveness of its research and development and
growth investments; acquisitions and divestitures of assets and gains and losses from dispositions; developments affecting Grace’s
outstanding indebtedness; developments affecting Grace's funded and unfunded pension obligations; its legal and environmental
proceedings; uncertainties related to the company’s ability to realize the anticipated benefits of the separation transaction; the
inability to establish or maintain certain business relationships and relationships with customers and suppliers or the inability
to retain key personnel during the period following the separation transaction; costs of compliance with environmental regulation;
and those additional factors set forth in Grace's most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and current
reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the Internet at
www.sec.gov. Reported results should not be considered as an indication of future
performance. Readers are cautioned not to place undue reliance on Grace's projections and forward-looking statements, which speak
only as the date thereof. Grace undertakes no obligation to publicly release any revision to the projections and forward-looking
statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this
announcement.
Media Relations Rich Badmington T +1 410.531.4370 rich.badmington@grace.com Investor Relations Tania Almond T +1 410.531.4590 tania.almond@grace.com
