Nov 29, 2022 / 03:10PM GMT
Roger Neil Spitz - BofA Securities, Research Division - Director & High Yield Research Analyst
(technical difficulty) Packaging sectors of Bank of America, and I'm pleased to host a fireside chat with Ecovyst Head of Investor Relations, Gene Shiels; and Treasurer, Nate Connor. This presentation is being webcast. Many of you know Gene from his prior role at Investor Relations at Kraton Polymers. Over the past few years, Ecovyst has made a substantial transformation from PQ Corp., including the $650 million sale of Performance Materials, also known as Potters, to The Jordan Company in December 2020, and the $1.1 billion sale of Performance Chemicals to Cerberus and Koch Minerals in August 2021.
Ecovyst now reports in 2 segments. There's Ecoservices, which includes sulfuric acid regen services business, or regen for short, which basically sells strong acid to its customers and the customers process that acid. Strong acid weakens and then the customer returns the weak acid to Ecovyst to restrengthen it, to just resell it again. It's a nice virtuous circle. And the second is Catalyst Technologies,
Ecovyst Inc at Bank of America Leveraged Finance/Credit Conference Transcript
Nov 29, 2022
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