- Launch of new product range aligns with strategy to
diversify into emerging applications with high growth
potential
- Buildout of laboratory & manufacturing capabilities and
hiring of dedicated resources enables broader partnering with key
customers to accelerate growth in 2025+
MALVERN,
Pa., Nov. 13, 2024 /PRNewswire/ -- Ecovyst
Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading
integrated and innovative global provider of advanced materials,
specialty catalysts and services, is proud to announce the launch
of its AlphaCat® advanced silica products focused on
enabling the advancement of biocatalysis.
Announced at our Investor Day in November
2024, Ecovyst has now completed initial investments to
expand research and testing capabilities at our main R&D site
in Conshohocken, PA, resulting in
the development of a range of advanced silica-based products. These
products will be sold as both functionalized silica supports, where
our customers can immobilize their desired enzyme, and as
biocatalysts with the enzyme immobilized on the advanced silica
support.
"Our team at Conshohocken has
developed and launched a unique advanced silicas testing kit that
enables biocatalysis customers to test a range of silicas with
different functionalities to quantify the value by using
immobilized enzymes" highlighted Paul Whittleston, President of
Advanced Materials & Catalysts Business at Ecovyst. "Leveraging
our deep advanced silica know-how, we have successfully developed
and scaled manufacturing and associated quality processes for both
the functionalization of the silica support and immobilization of
enzymes at our site in Kansas City,
Kansas, enabling a new product offering for our customers."
Dr. Yatao Hu, Senior Director for
Advanced Silicas at Ecovyst, highlighted, "Working in partnership
with our customers to develop unique solutions is where we excel.
Driven by specificity, energy efficiency, low hazard profiles and
cost effectiveness, immobilized enzyme-driven biocatalysis is a
rapidly emerging application with strong growth prospects across
food, fuels and chemical production. With our expanded expertise
and new laboratory and production capabilities, we are excited to
work with even more customers to develop new enzyme-based
processes."
To order our new AlphaCat® Advanced Silicas testing kit for
biocatalysis or to discuss your immobilized enzyme project needs,
please contact our team at alphacat@ecovyst.com
About Ecovyst (www.ecovyst.com):
Ecovyst Inc. and subsidiaries is a leading integrated and
innovative global provider of advanced materials, specialty
catalysts and services. We support customers globally through our
strategically located network of manufacturing facilities. We
believe that our products, which are predominantly inorganic, and
services contribute to improving the sustainability of the
environment.
We have two uniquely positioned specialty businesses:
Ecoservices provides sulfuric acid recycling to the North American
refining industry for the production of alkylate and provides high
quality and high strength virgin sulfuric acid for industrial and
mining applications. Ecoservices also provides chemical waste
handling and treatment services, as well as ex-situ catalyst
activation services for the refining and petrochemical industry.
Advanced Materials & Catalysts, through its Advanced Silicas
business, provides finished silica catalysts, catalyst supports,
and functionalized silicas necessary to produce high performing
plastics and to enable sustainable chemistry, and through its
Zeolyst joint venture, innovates and supplies specialty zeolites
used in catalysts that support the production of sustainable fuels,
remove nitrogen oxides from diesel engine emissions and that are
broadly applied in refining and petrochemical process. For
more information, see our website at https://www.ecovyst.com.
Note on Forward-Looking Statements
Some of the information contained in this press release
constitutes "forward-looking statements." Forward-looking
statements can be identified by words such as "anticipates,"
"intends," "plans," "seeks," "believes," "estimates," "expects,"
"projects," "sees" and similar references to future periods.
Forward-looking statements are based on our current expectations
and assumptions regarding our business, the economy and other
future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict. Our actual
results may differ materially from those contemplated by the
forward-looking statements. We caution you, therefore, against
relying on any of these forward-looking statements. They are
neither statements of historical fact nor guarantees or assurances
of future performance. These forward-looking statements speak only
as of the date of this release. Factors or events that could cause
our actual results to differ may emerge from time to time, and it
is not possible for us to predict all of them. We undertake no
obligation to update any forward-looking statement, whether as a
result of new information, future developments or otherwise, except
as may be required by applicable law.
For more information:
Gene
Shiels – Director of Investor Relations
(484) 617 1225
gene.shiels@ecovyst.com
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SOURCE Ecovyst Inc.
