Ecovyst announces strategic review of its advanced materials, catalysts business

Ecovyst Inc., an integrated global provider of advanced materials, specialty catalysts, sulfuric acid and regeneration services, announced Dec. 2 that its board of directors has initiated a strategic-review process for its advanced materials and catalysts business.

The announcement, according to the company, is an extension of the board’s ongoing evaluation and review of the business aimed at maximizing shareholder value.

Ecovyst’s advanced materials and catalysts business is comprised of two business units.

Advanced Silicas is an international 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 supplier of zeolite-based advanced materials and catalysts, which are crucial for the production of distillate and sustainable fuels, including renewable diesel and sustainable aviation fuel.

“We remain very positive on the long-term outlook for advanced materials and catalysts as supported by our growth investments in the business,” said Ecovyst CEO Kurt Bitting. “[Our advanced materials and catalysts business] manufactures high-performance products and is a critical innovation partner for its customers. The unique attributes of the business are underscored by what we believe are its attractive financial characteristics. The objective of this strategic review will be to evaluate options available to the company to maximize the value contribution of advanced materials and catalysts to Ecovyst and its stockholders."  

Ecovyst expects to complete the strategic review of the business unit in mid-2025.

The strategic review may not result in any transaction or other outcome, the company stated.

Ecovyst said it does not intend to make any further public comment regarding the strategic review until it has been completed or the company determines that disclosure is required or beneficial.