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Dow Announces Feasibility Study for NORDEL™ IP Hydrocarbon Rubber
New York - October 04, 2011
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The Dow Chemical Company (NYSE:DOW) announced today that it will initiate a feasibility study for the construction of a new world-scale plant for the production of metallocene ethylene propylene diene monomer (EPDM), sold under the trademark of NORDEL™ IP Hydrocarbon Rubber. The new facility is expected to set the standard in cost and efficiencies by incorporating the use of Dow’s newest proprietary catalyst technology and production via Dow’s solution process. The intent of the feasibility study is to identify potential partners and locations for this new EPDM production facility. "NORDEL IP will continue to be a strategic part of the Dow Elastomers portfolio both now and into the future,” said Kim Ann Mink, general manager, Dow Elastomers. “The new facility will position Dow to meet the increasing global demand for EPDM by offering high performance products that serve key automotive, building & construction and consumer markets; maintain Dow’s cost competitive position; and demonstrate the company’s commitment to invest in specialty products that bring performance advantages to the marketplace.” Dow’s elastomers portfolio is enabled by the Company’s revolutionary INSITE™ Technology platform. Since its launch in 1993, this breakthrough technology has delivered nine new-to-the-world polymers that have generated $17 billion in revenue and, since 2005, have been growing at a rate of 15 percent per year. These materials have also been recognized with 8 R&D 100 Awards from R&D Magazine, which each year identifies and celebrates the top high technology products introduced to the market. Aligned with the high growth Transportation and Infrastructure mega trend, the global automotive industry is projected to grow by 5 percent per year, with growth rates of approximately 10 percent per year in China and South Asia. This translates into a 60 percent increase in demand for high performance, automotive-specified materials in the next 10 years, with demand for EPDM outstripping global supply. NORDEL™ IP is often specified as a preferred solution due to its consistent structure which lends itself to easy processing and lot-to-lot consistency. Customers using NORDEL™ IP enjoy better control, excellent performance, unmatched processing advantages and precision that yields fewer blemishes, defects and rejects. End-use applications for NORDEL IP include automotive weather-stripping, automotive hoses and belts, building profiles, footwear soling and general rubber products. About Dow Dow combines the power of science and technology with the “Human Element” to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com. For Editorial Information: Kelly Cone |
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