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Grace could see $200M in revenue from Kazakhstan refining deal

(The Daily Record / Maximilian Franz)

(The Daily Record / Maximilian Franz)

W. R. Grace & Co., a maker of catalysts and engineered materials based in Columbia, could see more than $200 million in revenue from a new seven-year deal to provide catalysts and expertise to two Kazakh firms.

The investment framework agreement is with KazMunayGas, Kazakhstan’s national hydrocarbon operator, and United Chemical Company LLP, operator of the country’s program on chemical industry development.

Under the deal, Grace will provide catalysts and technical services to KazMunayGas’ refineries, and will invest to build a catalysts logistics terminal and a catalysts laboratory in Kazakhstan.

According to Grace, the deal will modernize refineries in Kazakhstan, making the production of motor fuels more efficient.

 


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