Grace & Co. and Tyumen sign agreement to market hydroprocessing catalysts

Jul 19, 2000 02:00 AM

W.R. Grace & Co. and Tyumen Oil of Russia announced they have signed an agreement to market hydroprocessing catalysts, used for oil refining, in Eastern Europe and the former Soviet Union. Hydroprocessing catalysts are used in refining petroleum to produce more environmentally friendly transportation fuels.
The catalysts will be produced at Tyumen Oil's Ryazan site, 120 miles south-east of Moscow. Grace -- one of the world's leading supplier of refining catalysts based in Columbia, Maryland -- will provide its expertise to market hydroprocessing catalysts in Eastern Europe and the former Soviet Union as well as its technology to produce advanced hydroprocessing catalysts.
"This agreement will allow Tyumen Oil to modernise its manufacturing operations using the latest technology," Tyumen Oil president and CEO Simon Kukes said after signing the agreement with Grace. "Grace is delighted with this marketing agreement with Tyumen Oil. We look forward to increasing our presence in Eastern Europe and the former Soviet Union," said Paul J. Norris, Grace's Chairman, President and CEO.

Hydroprocessing catalysts represent approximately 40 % of the $ 2 bn global refining catalyst market. Tyumen Oil began producing catalysts in April 1999 and expects continued growth in catalyst sales through this alliance.
Grace and Tyumen Oil foresee increased demand for hydroprocessing catalysts as stricter environmental regulations take hold globally. Grace historically has had a leadership role in residual oil hydroprocessing and recently expanded its portfolio of catalyst technologies with the acquisition of a hydroprocessing catalyst manufacturing facility in Chicago, Illinois.
Tyumen Oil will begin selling low-sulphur diesel fuel at service stations in the Moscow and Ryazan areas in August. It is the first Russian company to provide its customers with a low-sulphur alternative.
The Grace agreement is the latest in a series of Tyumen Oil's relationships with Western companies. Tyumen Oil recently announced an expansion of its relationship with Texaco to include commodity risk management. Tyumen Oil and Texaco also jointly market Texaco-branded imported lubricants as well as Tyumen Oil-and Texaco-branded lubricants produced and blended at the Ryazan refinery.

W. R. Grace & Co., is a leading global supplier of catalysts and silica products, specialty construction chemicals and building materials, and container protection products. With annual sales of approximately $ 1.5 bn, Grace has over 6,000 employees and operations in nearly 40 countries.

Established in 1995, Moscow-based Tyumen Oil is among the top 15 privately owned oil companies world-wide. It has 7.4 bn barrels of proven crude oil reserves and produces 480,000 bpd. Tyumen Oil also has a network of 620 retail gasoline stations. The company belongs to two private owners, Alfa Group (Russia) and Access/Renova (United States/Russia).

Source: Tyumen Oil Co.
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