Solutia's Therminol(R) 55 Heat Transfer Fluid Selected for Major Tank Terminal Expansion in Louisiana
November 12 2009 - 8:00AM
PR Newswire (US)
ST. LOUIS, Nov. 12 /PRNewswire-FirstCall/ -- Solutia Inc.
(NYSE:SOA) announced today that International Matex Tank Terminals
(IMTT) in St. Rose, Louisiana has selected Solutia's Therminol® 55
synthetic heat transfer fluid for use in its 2009 major expansion
project. Therminol has been used at this plant for over 30 years
with the first system installed in the early 1970's. Over the last
30+ years, the site has gone through numerous expansions and this
is just the latest and largest expansion project in the steady
growth of IMTT in St. Rose. IMTT is a 50 year old privately held
company that is a world-class provider of bulk liquid handling
services. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO ) "Solutia
has been a longstanding, reliable supplier to IMTT in St. Rose and
we have always been very pleased with the level of technical
service and support that we have received," said Mr. Rene Ockman,
Director of Support Services, IMTT. He added, "Therminol 55 has
always met our expectations. We realize that there are other
suppliers out there, however, with Solutia's track record of
exceptional performance and proven technical services for over 30
years, we are confident that Therminol 55 will work well and we
will continue to experience smooth operation for many years to
come." Therminol 55 heat transfer fluid will be used at the tank
terminal to provide indirect heat to fifty-eight very large storage
tanks containing materials such as asphalt, diesel fuel and other
high melting point compounds that need to be kept warm in order to
prevent them from solidifying. Premature or unplanned failures of
the heat transfer fluid system in these terminals is not an option
since doing so can result in long outages, costly downtime and
unreliable operation. "The synthetic chemistry of Therminol 55
gives it an advantage over other fluids such as conventional
mineral oils since it is much more resistant to the effects of
oxidation and has outstanding thermal stability. Combine the
performance of Therminol 55 with the no-cost value-added services
that the Therminol technical service team provides such as on-site
technical training, design assistance, system troubleshooting,
sample analysis services, 24/7 toll free technical and customer
service hotlines and fluid trade-in program(1), it is no surprise
that tank terminals such as IMTT continue to put their faith in
us," said Mr. James Fordonski, Global Asphalt Market Lead for
Therminol heat transfer fluids. Mr. Richard Altice, Vice President
of Commercial Services for Technical Specialties, Solutia Inc.,
added, "IMTT has been a valuable customer of Solutia and we are
very pleased to continue to earn their business as they continue to
grow." Solutia offers a worldwide network of product supply by
manufacturing Therminol heat transfer fluid on four continents and
offers an unmatched worldwide network of technically skilled
Therminol heat transfer fluid specialists to provide expert service
and support. Solutia is the world leader in synthetic heat transfer
fluids, providing nearly 45 years of excellence in technical
support, customer service, performance and innovation. For more
information on Therminol heat transfer fluid in the U.S., please
call +1-800-426-2463 or visit http://www.therminol.com/ . Notes to
Editor: © 2009 Solutia Inc. All rights reserved. Solutia and the
Infinity Logo®, Therminol®, CPFilms®, LLumar®, Flexsys® and
Skydrol® are trademarks of Solutia Inc. As used herein, ® denotes
registered trademark status in the U.S. only. (1) Trade-in program
only available in North America 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 and Solutia's ability to raise additional funds which is
subject to market conditions. 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, the risk and uncertainties regarding the consummation
of the transactions described in this press release or the timing
thereof, including the possibility that the conditions to
consummating the transactions may not be satisfied or that the
transactions may not close, and those other 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 http://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.
About Solutia Inc. Solutia (NYSE:SOA) 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® interlayer for laminated glass;
CPFilms® aftermarket window films sold under the LLumar® brand and
others; and technical specialties including the Flexsys® family of
chemicals for the rubber industry, Skydrol® aviation hydraulic
fluid and Therminol® heat transfer fluid. 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 3,100 employees in more than 60
locations. More information is available at http://www.solutia.com/
. About IMTT Inc International-Matex Tank Terminals is a
world-class provider of bulk liquid handling services; it is a
privately owned company characterized by: 1. The capability for
quick response from direct owner involvement in management. 2.
Dynamic growth in size and sophistication over five decades of
operations. 3. Stable well-trained work-force. 4. Community
involvement. 5. Strategic locations throughout North America.
Complementary Businesses include: U.S. Strategic Petroleum Reserve,
St. Rose Wholesale Nursery, Warehousing Support Services,
Environmental Services.
http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO
http://photoarchive.ap.org/ DATASOURCE: Solutia Inc. CONTACT:
Media, Emily Parenteau, USA, +1-314-674-3676, or Investors,
Susannah Livingston, USA, +1-314-674-8914, both for Solutia Inc.
Web Site: http://www.solutia.com/ http://www.therminol.com/
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