Ecovyst Inc - Company Profile
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Business Description
Ecovyst Inc (Ecovyst), formerly PQ Group Holdings Inc, provides catalysts and refining services.
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R&D Overview
Ecovyst's R&D activities focus on developing new and improved products, systems, processes, and applications for customers. The company operates ten manufacturing facilities; five administrative facilities and two research and development facilities in the US and the UK. The team includes experienced scientists, technical service representatives and process engineers with direct knowledge of products to help in business operations. In FY2022, the company spent approximately US$15.1 million on its R&D, which increased 13.4% YoY. As of December 2022, Ecovyst held 20 patents in the US, close to 197 patents in other countries and 40 pending patent applications in the US and other countries. It also has 50 trademark registrations worldwide, including 5 U.S trademark registrations.
Business Segments
Overview
Provides catalysts for emission control, refinery, and petrochemical industries and offers catalyst recycling services to the North American refining industry. Silica catalysts division manufactures high-density polyethylene plastic for packaging films, bottles and containers, and other molded applications. The segment also markets Zeolite Catalyst products through the Zeolyst Joint Venture. The segment expects its Silica Catalyst performance to grow due to the global shift towards silica-based technology. The segment also assists customers to meet regulatory requirements pertaining to sulphur reduction from diesel fuels. In FY2022, the segment’s capital expenditure stood at US$8.1 million, which decreased 48.8% YoY.
Performance
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Overview
Provides sulfuric acid recycling and end-to-end logistics to North American refineries for producing alkylate, which is a gasoline blending component required for gasoline quality control and achieving good quality fuel. Produces on-purpose virgin sulfuric acid for water treatment, mining, and industrial applications Provides regeneration services and solutions to the refining customers, enabling them to meet their sulfuric acid requirements, which serves as a catalyst in the alkylation process In FY2022, the segment’s capital expenditure stood at US$47 million, which increased 9.7% YoY.
Performance
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Geographical Segments
Performance
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Performance
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