ST. LOUIS, Aug. 19 /PRNewswire-FirstCall/ -- Solutia Inc. announced today
that it will be supplying Therminol VP-1 synthetic heat transfer fluid to a
new 470 MW hybrid solar plant in Ain-Ben-Mathar, Morocco and a 170 MW hybrid
solar plant in Hassi R'Mel, Algeria. Both plants have 20 MW each of power
output capacity from solar thermal oil-based parabolic trough collector fields
and are being constructed by Abener. They are currently slated to begin
producing electricity in 2010.
Abener, a pioneer in the hybrid solar power plant construction industry
and a subsidiary of Spanish Abengoa Group, selected Therminol VP-1 due to its
superior ability to meet demanding requirements of high temperature systems
and Therminol's more than 20 years of experience in solar projects.
"Therminol's agreement reached with Abener is an exciting advancement of
our strategy of growing with the rapidly expanding global solar market," said
Richard Altice, Vice President of Commercial Services, Technical Specialties.
Therminol has announced a number of significant projects in 2009 to supply
solar power plants globally.
Therminol heat transfer fluid is used in the trough-shaped mirror
assemblies to absorb concentrated sunlight and heat up to about 400 degrees C.
The heated Therminol is used to generate steam that drives power generating
turbines.
Solutia offers a worldwide network of product supply by manufacturing
Therminol on four continents and offers an unmatched worldwide network of
technically skilled Therminol 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 in the U.S., please call
+1-800-426-2463, in Europe +32 1048-1237 or visit www.therminol.com .
Note to Editor: Therminol is a registered trademark of Solutia Inc.
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 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 www.Solutia.com .
SOURCE Solutia Inc.
CONTACT: Media, Emily Parenteau, USA: +1-314-674-3676, or Miguel
Villagomez, EU: +32 1048-1211, or Investors, Susannah Livingston, USA:
+1-314-674-8914, all for Solutia Inc.
