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Stock impact report

Ecovyst Announces Strategic Review of its Advanced Materials & Catalysts Business Unit [Yahoo! Finance]

Ecovyst Inc. (ECVT) 
Company Research Source: Yahoo! Finance
catalysts, sulfuric acid and regeneration services, today announced that its Board of Directors has initiated a strategic review process for its Advanced Materials & Catalysts business ("AM&C"). This announcement is an extension of the Board's ongoing evaluation and review of the business, aimed at maximizing shareholder value. AM&C is comprised of two business units. Advanced Silicas is an internationally leading provider of silica-based advanced materials and catalysts, essential for the production of polyethylene, biocatalysts, and functional chemicals. Zeolyst International, a joint venture with Shell, is a world-leading supplier of zeolite-based advanced materials and catalysts. These are crucial for the production of distillate and sustainable fuels, including renewable diesel and sustainable aviation fuels. "We remain very positive on the long-term outlook for Advanced Materials & Catalysts as supported by our growth investments in the business," said Kurt Bitting , Chief E Show less Read more
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