
Grace Acquires Advanced Refining Technologies
Key highlights
- Acquisition enhances Grace's hydroprocessing capabilities
- ART to produce catalysts for renewable fuels
- Continued collaboration with Chevron Lummus Global
- Focus on lower carbon intensity fuel production
- Strengthening position in the refining industry
Source: PR Newswire
Notable Quotes
“ Grace's acquisition of ART reflects our dedication to the hydroprocessing sector, bringing customers even more value from our worldwide manufacturing network and technical expertise. ”
Thomas Deman, President, Performance Catalyst Solutions at Grace
“ CLG is proud to continue our close collaboration with Grace as we expand our catalyst portfolio and deepen our support for hydrocracking, lubes and EnHance™ applications in renewables hydroprocessing. ”
Rajesh Samarth, Chief Executive Officer at Chevron Lummus Global
Why this matters
This acquisition positions Grace to play a pivotal role in the energy transition, enhancing its capabilities in producing lower carbon intensity fuels and supporting the refining industry's evolution. This development is particularly significant for the energy sector.
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