NAPERVILLE, Ill., May 28, 2010 (GLOBE NEWSWIRE) -- The New York Times erroneously reported today that Nalco (NYSE:NLC) has refused to disclose the chemical formula for COREXIT. The fact is that Nalco has provided the Federal Government with all information relating to the chemicals and compounds in our product.
We have complied with every request for information and assistance we have received from the Federal Government and will continue to do so as we help mitigate the damaging consequences of the oil spilling into the Gulf.
The EPA has continued to approve the use of COREXIT for use in the Gulf of Mexico, and its monitoring has revealed its effectiveness and limited environmental impact. The EPA continues to call the product safe and effective and has acknowledged, in Congressional testimony yesterday, that COREXIT is biodegradable.
About Nalco
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2009, Nalco achieved sales of more than $3.7 billion. For more information visit www.nalco.com.
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