April 7, 2010 (FinancialWire) — W. R. Grace & Co. (NYSE: GRA) said it has singed a new multi-year agreement to supply polypropylene catalysts to Borealis AG, a provider of chemical and innovative plastics solutions. Financial terms were not disclosed.

According to Grace, the catalysts are used in the production of polypropylene, a plastic polymer that is a substitute for wood, metal, glass and other plastics. Grace polypropylene catalysts are used to make specialty plastics for applications in automobile parts, household appliances and consumer product packaging.

In 2002, Grace acquired Borealis catalyst manufacturing assets, including catalyst production facilities in Stenungsund, Sweden and catalyst manufacturing equipment located in Porvoo, Finland. Through that transaction and a related licensing agreement, Grace began to produce, market and sell Borealis' proprietary catalysts on a global basis.

Austria-based Borealis is a provider of chemical and plastics solutions with customers in more than 120 countries, and 5,200 employees worldwide. Borealis is owned 64% by the International Petroleum Investment Co. of Abu Dhabi and 36% by OMV, a European energy group.

U.S.-based Grace is a supplier of catalysts and other products to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide range of industrial applications; sealants and coatings for food and beverage packaging, and specialty chemicals, additives and building materials for commercial and residential construction.

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