WR Grace officially acquired Noblestar Catalysts, a Qingdao, China-based manufacturer of FCC catalysts, catalyst intermediates and related refining industry products. Grace said it expects to make additional investments at the site for environmental, safety and manufacturing upgrades.
Noblestar, located in Qingdao, China, has been specialized in the manufacturing of FCC catalysts and additives for petrochemicals since 2001. Noblestar has been involved in the rare earth business from 2010. Noblestar employs 150 people, consisting of experienced R&D and engineering professionals and a team of skilled workers. It had sales of 680 million RMB (appx. 108 million USD) in 2011.