Solutia to Expand Diphenyl Oxide Production
Capacity increase to serve the high-growth concentrating solar power market
ST. LOUIS, June 7, 2011 /PRNewswire/ -- Solutia Inc. (NYSE: SOA), a global leader in performance materials and specialty chemicals, announced today that it will expand its diphenyl oxide production capacity at its operation in Chocolate Bayou, Texas. The expansion is intended to help meet the increased demand for diphenyl oxide across a diverse set of end markets, including the high-growth concentrating solar power market.
Diphenyl oxide (DPO) is a key raw material in the production of a variety of industrial products such as surfactants, flame retardants, fragrances, chemical intermediates and heat transfer fluids. DPO is an essential ingredient used to manufacture Therminol® VP-1 heat transfer fluid, the heat transfer fluid of choice for the solar industry.
The expansion is anticipated to increase production capacity by more than 30 percent and is expected to be complete by early 2012.
"This project is a key part of the growth strategy for Specialty Fluids and marks the latest step in our investment plan for this business," said Rich Altice, vice president, business management for Solutia's Technical Specialties division. "This expansion will better position Solutia to service the strong demand from the industrial manufacturing and solar markets."
Solutia is the world leader in synthetic heat transfer fluids, providing more than 45 years of excellence in technical support, customer service, performance and innovation. For more information on Therminol heat transfer fluids, please call 1-800-426-2463 or visit www.therminol.com .
Notes to Editor: SOLUTIA and the Radiance Logo™ and all other trademarks listed below are trademarks of Solutia Inc. and/or its affiliates.
Forward Looking Statements
This press release may contain forward-looking statements, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates" or "anticipates," or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those risks and uncertainties described in Solutia's most recent Annual Report on Form 10-K, including under "Cautionary Statement About Forward Looking Statements" and "Risk Factors", and Solutia's quarterly reports on Form 10-Q. These reports can be accessed through the "Investors" section of Solutia's website at www.solutia.com . Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar®, Vista™, EnerLogic™, FormulaOne®, Gila®, V-KOOL®, Huper Optik®, IQue™, Sun-X® and Nanolux™ aftermarket performance films for automotive and architectural applications; Flexvue™ advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol® heat transfer fluids and Skydrol® aviation hydraulic fluids. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 worldwide locations. More information is available at www.Solutia.com .
SOURCE Solutia Inc.
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