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GRACE INCREASES OWNERSHIP OF NOXSO

 GRACE INCREASES OWNERSHIP OF NOXSO
 BETHEL PARK, Pa., Sept. 9 /PRNewswire/ -- Noxso Corporation


(NASDAQ: NOXO) today announced that W.R. Grace & Co. (NYSE: GRA) increased its ownership in the company to 20 percent.
 W.R. Grace & Co. increased its ownership from 17.9 percent by purchasing 151,386 newly issued shares for $170,839 pursuant to an option agreement that remains in effect through 1993. The purchase brings Grace's holding to 1,437,550 shares.
 The option agreement allows Grace to purchase an additional 555,078 shares at an aggregate cost of $626,406, which would bring its ownership in Noxso to approximately 26 percent.
 Dr. F. Peter Boer, Grace's executive vice president and chief technical officer, said, "Grace views this investment as part of our company's overall program in emission control for improved environmental protection. When commercialized, the Noxso process will use substantial quantities of Davison adsorbent alumina beads, a product of our core business."
 Noxso Corporation has developed an advanced flue gas treatment process which simultaneously removes from flue gas emitted by coal fired utility plants the key pollutants which cause acid rain.
 -0- 9/9/92
 /CONTACT: Robert Long of Noxso, 412-854-1200; Chuck Suits of Grace, 407-362-1335; or Thomas Redington of Redington, Inc., 203-222-7399 or 212-926-1733, for Noxso/
 (NOXO GRA) CO: Noxso Corporation; W.R. Grace & Co. ST: Pennsylvania, New York IN: SU: TNM


GK-OS -- NY020 -- 7419 09/09/92 10:30 EDT
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Date:Sep 9, 1992
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