US WR Grace in JV to build catalysts and additives plant in Abu Dhabi
22 March 2012 17:56 [Source: ICIS news]
HOUSTON (ICIS)--WR Grace plans to build a catalysts and additives plant in ?xml:namespace>Abu Dhabi in a joint venture with a local partner, the US specialty chemicals and catalysts producer said on Thursday.
The plant will supply oil refiners in the Middle East and south Asia with fluid catalytic cracking (FCC) catalysts after its expected start-up in late 2015.
WR Grace said it signed a memorandum of understanding to form the joint venture with Abu Dhabi-based Al Dahra Agriculture, a company specialising in agriculture, dairy products and animal feed.
“This joint venture will leverage our strengths in the FCC segment with the strong local relationships of Al Dahra and their expertise in logistics and infrastructure support,” said Shawn Abrams, president of Grace Catalysts Technologies.
Financial details and capacity figures were not disclosed. By: Stefan Baumgarten+1 713 525 2653
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