ST. LOUIS, Aug. 18, 2008 (GLOBE NEWSWIRE) -- Solutia Inc. (NYSE:SOA) announced today that it will be supplying a solar thermal power plant in Egypt with Therminol(tm) VP-1, a synthetic heat transfer fluid designed to meet the demanding requirements of high temperature systems. Therminol heat transfer fluids have been utilized in the production of solar energy for more than 20 years, and their use in this application is expected to grow as global demand for solar power increases.
The Therminol VP-1 was purchased by Flagsol GmbH, Cologne, Germany, a market leader in this technology and a subsidiary of Solar Millennium AG. Flagsol GmbH is designing the solar field of this power plant as well as key solar components. In parabolic-trough power plants, trough-shaped mirrors reflect and concentrate incoming rays of the sun onto an absorber pipe along the collector's focal line. By the absorption of the concentrated sunlight the heat transfer fluid will be heated up to about 400*C. "Heat transfer fluid is an important component with high-quality requirements in Flagsol's solar electric generating system," said Paul Nava, managing director of Flagsol. "We need a heat transfer fluid with a proven track record for use in solar electric generating systems that can maintain its performance characteristics over years of continuous operation."
According to Matthias Schopf, Marketing Technical Service Manager for Therminol, "Customers continue to place their trust in Therminol because for nearly 45 years we have demonstrated our commitment to this market by providing innovative, high-quality products to the chemical process industry with performance that surpasses that of competitive fluids."
The Therminol family of heat transfer fluids features products that can meet the operating needs of virtually any single or multiple heat-using systems. In properly designed systems, these heat transfer fluids will perform within their respective temperature ranges for extended periods without breakdown or corrosion.
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, call 1-800-426-2463, visit www.therminol.com or send a request on company letterhead to Solutia Inc., Therminol-3S, P.O. Box 66760, St. Louis, Missouri, 63166, USA.
Note to Editors: 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," "estimated," 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 risk 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.
Corporate Profile
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(r) interlayer for laminated glass; CPFilms(r) aftermarket window films sold under the LLumar(r) brand and others; high-performance nylon polymers and fibers sold under brands such as Vydyne(r) and Wear-Dated(r); and technical specialties including the Flexsys(r) family of chemicals for the rubber industry, Skydrol(r) aviation hydraulic fluid and Therminol(r) 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 6,000 employees in more than 60 locations. More information is available at www.Solutia.com.
The Solutia Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2620