Grace, Al Dahra Plan Oil Additives Plant In Abu Dhabi

Law360, New York (March 22, 2012, 7:04 PM EDT) -- Chemical and construction company W.R. Grace & Co. and Al Dahra Agriculture Co. signed a preliminary joint agreement to build and operate a new plant in Abu Dhabi that would manufacture machinery that refines crude oil into more valuable products like gasoline, the two announced Thursday.

The facility, which would be the first in the Middle East to produce fluid catalytic cracking catalysts — used in a common conversion process that distils the crude product into more viable goods, including transportation fuel — as well as...
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