W. R. Grace & Co has signed an investment framework agreement with KazMunayGas and United Chemical Company LLP. Under the framework, Grace will provide Fluid Catalytic Cracking (FCC) catalysts and technical services to the refineries operated by KazMunayGas (KMG), as well as investments to construct a catalysts logistics terminal and an FCC catalysts laboratory in Kazakhstan. As a result of modernization of KMG refineries, new downstream units will significantly improve deep oil conversion and production of motor fuels, leveraging Grace products and technology. The total economic value of the agreement could deliver over $200 million in catalysts, technical services, and facilities over the proposed seven-year initial term.