13th Feb 2007 14:39
Johnson Matthey PLC13 February 2007 For Immediate Release on Tuesday 13th February 2007 Johnson Matthey Catalysts and China Petrochemical International Company (Sinopec) Announce Collaboration Agreement Johnson Matthey Catalysts, Johnson Matthey Plc's Process Catalysts andTechnologies business, and the China Petrochemical International Company Ltd(Sinopec), are pleased to announce that they have commenced a long termcollaboration agreement which will position the two partners as leadingsuppliers to the global market for oil refinery hydroprocessing catalysts. The two companies have recently signed a commercial agreement under whichJohnson Matthey Catalysts will market Sinopec's hydroprocessing catalysts to oilrefineries outside China. Johnson Matthey Catalysts and Sinopec will workclosely together using each other's strengths to provide the global oil refinerymarket with high quality, industrially proven, catalysts. The initial focus ofthe agreement will be on refinery hydroprocessing catalysts, howevercollaboration in other oil refining catalyst markets will also be investigated. Commenting on this agreement, Neil Carson, Johnson Matthey's Chief Executivesaid: "Sinopec are the 3rd largest oil refiner in the world and a major player inassociated catalyst technology. I am delighted that we have secured thisimportant collaboration agreement with them which will provide both companieswith exciting long term opportunities to extend their participation in the oilrefining catalyst market outside China. This collaboration represents animportant strategic step for Johnson Matthey, strengthening our product andtechnologies offering into a new target catalyst market." Enquiries: Ian Godwin Director, IR and Corporate Communications 020 7269 8410 Notes to Editors: Johnson Matthey's Process Catalysts and Technologies business (Johnson MattheyCatalysts) manufactures base and precious metal process catalysts, finechemicals and adsorbents. These products are widely used in hydrocarbonprocessing duties within the oil, natural gas, hydrogen and synthesis gasindustries. Johnson Matthey Catalysts provides specialist technology for thepurification of gaseous and liquid streams within the oil refining market andhas developed synthesis gas generation technology which can be applied withinthe developing coal-to-liquid (CTL) and gas-to-liquid (GTL) markets. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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