Solutia's Therminol(R) Heat Transfer Fluid Selected for a New Solar Power Plant in Spain
ST. LOUIS, Jan. 6 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) announced today that it will be supplying Therminol® VP-1 synthetic heat transfer fluid for Solnova 4, a new 50 MW concentrating solar power (CSP) plant in Sevilla, Spain managed by Abener. Solnova 4 is one of several solar plants which will be located at Abener's Solucar Platform complex and is scheduled to begin producing electricity in 2010.
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Abener had previously announced selecting Therminol VP-1 for 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 of these plants have 20 MW each of power output capacity from the CSP plants. Abener has chosen Therminol VP-1 for all of these projects due to its superior ability to meet demanding requirements of high temperature systems and Solutia's more than 20 years of experience in solar projects.
"Therminol continues to be selected for these projects reinforcing the confidence that Abener has in Solutia as a trusted supplier while demonstrating the commitment that Solutia has to Abener and others in the rapidly growing solar industry," said Solutia's Richard Altice, Vice President of Commercial Services, Technical Specialties. Solutia's Keith Pearson, Global Supply Chain Manager, Specialty Fluids added, "CSP projects, with their large scale and dynamic project schedules, require global supply chain expertise and flexible manufacturing capabilities. Solutia has assembled a world class team which continues to demonstrate the ability to meet these challenges head-on."
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.
Abener, which is affiliated with Abengoa, provides integrated and innovative solutions in the field of energy by means of promotion, financial procurement, engineering, construction and exploitation of new power and industrial stations as well as the optimization of existing ones. Abener, which is in four continents, provides solutions for sustainable development, with a clear orientation towards the client and efficient management of projects.
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: © 2010 Solutia Inc. All rights reserved. Solutia and the Infinity Logo® and Therminol® are trademarks of Solutia Inc. As used herein, ® denotes registered trademark status in the U.S. only.
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.
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