W. R. Grace & Co. announced today that it has signed an agreement with TechnipFMC PLC to jointly develop improved catalyst and process technology related to TechnipFMC Deep Catalytic Cracking (TDCC).
TDCC is a high-severity fluid catalytic cracking process licensed by TechnipFMC and designed to produce very high yields of propylene and other petrochemical feedstocks.
The collaboration will leverage Grace’s knowledge as the leading supplier of FCC catalysts and light-olefins additives as well as TechnipFMC’s significant experience in Deep Catalytic Cracking including process and mechanical know-how.
“As the demand for petrochemicals grows, processes specifically designed to provide pathways to convert crude oil to petrochemical feedstocks, like TDCC, will become imperative for refiners,” said Tom Petti, Grace’s President, Refining Technologies. “Grace is very excited to partner with TechnipFMC, which is the technology leader in this area having licensed seven units with greater than 18 wt% propylene yields.”
Stan Knez, TechnipFMC’s President, Process Technology, stated, “Grace is the world leader in FCC catalysts and more specifically, catalyst solutions for the max propylene segment. We look forward to our collaboration and expect our joint efforts to deliver significant value to current and future licensees.”
About Grace: 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. With approximately 3,900 employees, Grace operates and/or sells to customers in over 70 countries.
About TechnipFMC: TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects.
Source: W. R. Grace & Co.
